Regulatory takings are like car accidents. They fascinate us. We cannot hel
p slowing down to look. What a disaster, we say to ourselves. We are so gla
d it did not happen to us. But we wonder if we could be next, We think abou
t who is at fault, who should pay for the damages, and how it all could hav
e been avoided in the first place And we question how the rules of the road
could be improved so that such collisions in the future could be averted.