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June 23, 2005

MORE THOUGHTS ON KELO, over at GlennReynolds.com.

UPDATE: Funniest comment, from reader Stephen Herdina:

This ruling leaves open the possibility that the City of Detroit can take away the factories of General Motors (who knows how to lose money) and award them to Toyota (who knows how to make money). Given GM's woefull book value, the factories could be had for literally a steal, and the tax revenues would be immense.

Heh. Makes sense to me.

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