This had been the topic (the example) launching the career of the fictional character Thurston Robert Macaire Howell:
In the editorial today, re end of certain housing 'subsidies'(credit),
housing is, quite properly, tied by Mr. Lawler (and others) to employment.
Having 'property rights' in the constitution, or anywhere else, is irrelevant where one can offshore production, or otherwise degrade the quality of wages and work.
Property rights advocates would be inclined to rejoice at the end of a bad old subsidy, no doubt, consistently with their views on less government intervention, creating anomalies in the free market, the better.
As Thurston had said, presciently, in Boca, back in 05 or 06,
re Kelo etc., 'there are property rights,
and then there are BIG PROPERTY RIGHTS' (creditors' rights; banks, finance).
Mr. Lawler: housing healthy only re employment growth.
Re employment growth: Not anytime soon.
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