March 09, 2010
Good Luck with That

Problem: A poorly-managed city is dotted with abandoned property.

Market solution: Design zoning and tax laws to incentivize new development, allowing the problem to essentially cure itself.

Political solution: Come up with a bunch of social engineering laws to force what you want, and make the rest of the country pay for it.

Three guesses as to which route Detroit's leadership is taking. The first two don't count.

Posted by scott at March 09, 2010 12:41 PM

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