More on the Auto Bailout

Newly-elected Congressman Jared Polis (a Democrat!) offers some interesting thoughts on the politics of the automotive industry:

Our United States Congress of lawyers, doctors, diplomats, retired military officers and career politicians — along with their staffs of intelligent young political science majors and MBAs — now finds itself poring over “business plans” submitted this week by Ford, GM and Chrysler. People who have never before in their lives seen — no less implemented — a business plan are now trying to decide if these companies will succeed by means of a “capital infusion” with various imposed preconditions and negotiate what we taxpayers (investors) should be getting for our money. Something is wrong with this picture.

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An Automotive Bailout?

Here’s an open thread, if anyone feels like discussing this issue.

Who is Less Free than 40 Years Ago?

Over at Reason [h/t Instapundit],  Veronique de Rugy asks:

Many libertarians, eyeing the relentless expansion of the state, worry that freedom is marching backward. But are we really worse off than we were 40 years ago?

She surveys many aspects of freedom in modern life and concludes that on the whole we have gained more freedom than we have lost. Missing from this survey, however, is one critical area in which freedom has shrunk dramatically.  

Economic freedom, especially the freedom of economic creativity, has contracted.

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Two Worthwhile Interviews

Peter Robinson interviews Thomas Sowell and Shelby Steele. Sowell talks about his book, A Conflict of Visions, current affairs and the presidential election in a discussion that took place before the election. Steele talks about Barack Obama, US racial politics and the presidential election in the context of his book, A Bound Man. The video version of each interview is roughly one-half hour long and is accompanied by a written transcript. Click the “Read the rest…” link below to watch the videos or read the transcripts.

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Experimentation, Uncertainty, and the Economy

Some interesting thoughts from Jonah Goldberg.

The key point is that uncertainty about government policy makes private-sector decision making very difficult, and tends to inhibit rational and dynamic investment.

(via Betsy)