Detroit: A Glimpse into America’s Future?: "preview of the damage of an overbearing government can be gained by spending some time in Detroit, my hometown. Detroit was arguably the most prosperous city in the world in the 1920s. Today, however, whole neighborhoods are abandoned; still-occupied neighborhoods are in a frightful state of decay; some of the streets are so rough you would think that the military used them for target practice. Most startling is that the median sale price for a house in the once-thriving city of Detroit this January was $7,500. Yes, 75 HUNDRED, not “thousand.” You can buy two or three houses in Detroit today for the price of one new car.
What happened? What explains this sad decline?"
Tuesday, June 16, 2009
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