Saturday, December 13, 2008

Don't Cave! by Llewellyn H. Rockwell, Jr.

Lew Rockwell writes:

You don't have to be a technician to know that foreign makers – whether building abroad or residing in the United States – make a superior car at a better price, no matter how much the "Big 3" waste on hopped-up advertising campaigns. In fact, we should welcome their complete bankruptcy. Maybe they can regroup or maybe they can't. That's for the market to decide.

In the meantime, not cranking out these endless cars would be a welcome relief, freeing up labor and capital for more economically useful purposes.

To bail them out with tax dollars is an amazing insult to American consumers. What Americans have chosen not to buy, the government is now effectively forcing them to buy. You want a Toyota and paid for it with your money but your government is now saying that you should have bought a Pontiac, so it is tapping into your bank account to make it happen – and then not even giving you a car for your money!

Don't Cave! by Llewellyn H. Rockwell, Jr.

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