Some libertarians — and supporters of Ron Paul — think home “ownership” as currently defined and structured is basically a fraud.

We’ll let you read the above link and decide for yourself. But even one of the libertarian proponents of a revamped mortgage-loan industry concedes: “Of course, all of this would mean effectively returning to something like a Victorian-era banking standard, which no rentier, politician, or most of the public will accept.”

So it’s never going to happen — and therefore why should people take these libertarian ideas seriously? That’s the obvious question.