That whole housing collapse you've heard about? All because of subprime mortgages? Wrong! Or so claims the Cato Institute, which has found a new scapegoat: Urban Planners. Yes, that's right. Land-use planners have made housing unaffordable and thus have produced the credit crunch. Better not regulate, Cato warns, or we're putting the entire US economy "at risk of a Japanese-style crash." [Cato-at-liberty]
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Cato: Lost Your House To Foreclosure? Blame The Urban Planners
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