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A new use for "smart bombs?"

April 3, 2008
Holman W. Jenkins, Jr., the Wall Street Journal's most "free market" columnist reiterated his radical solution to the housing/mortgage market crash: "Using tax dollars to buy and demolish foreclosed, unoccupied or half-built houses in selected markets." According to Jenkins, central planners have figured out the best strategies of taxing the people and using the proceeds to prop up sliding home prices: "Knocking down surplus homes would be the most efficient and equitable way to spend taxpayer dollars. It can proceed experimentally. It can be turned off quickly when the need evaporates."

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