Friday, July 23, 2010

Friedman Fridays: Subsidizing Failure



Is that my man talking about bailing out Chrysler in 1979? Surely, we didn't bail them out again in 2009 did we?

"You could put a democracy in charge of the Sahara Desert. Soon the sand itself will become scarce." -- Milton Friedman

Blake

2 comments:

Unknown said...

Wait... Deja vu is pretty thick here. So bailing out GM and Chrysler in 1979 didn't change their business policies? So they failed again? I don't understand why we would repeat the same mistake again? Unless... there is another motive.

What could that motive be? Follow the money. There was a time when people would call this a scandal.... United Auto Workers Union gave 24 million to Democrats from 2000 to 2008 and only 200 thousand to Republicans.... hmmm I wonder why they didn't let them fail...

Unknown said...

Forgot the link

http://www.humanevents.com/article.php?id=32212