Bailouts beget more bailouts

posted by
June 16, 2011
Cato Institute
by Daniel J. Ikenson  
Posted in Commentary

"The objection to the auto bailout was not that the federal government wouldn't be able to marshal adequate resources to help GM and Chrysler. The most serious concerns were about the consequences of that intervention — the undermining of the rule of law, the property confiscations, the politically driven decisions and the distortion of market signals." (06/16/11)

http://www.cato.org/pub_display.php?pub_id=13203  

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