Did Cash for Clunkers “Revitalize” the Auto Industry?
Posted in Not So Fast! on 23 September 2009
Stats: 336 views and 4 Comments During a recent conversation with a friend, he told me that the Cash for Clunkers program had “done wonders” for the auto industry. Indeed, he hardly is alone. Automotive News recently editorialized that the program “worked,” and now it is time to “build on its success.” The editorial declared: The August U.S. ...
Posted in Not So Fast! on 23 September 2009
Stats: 336 views and 4 Comments During a recent conversation with a friend, he told me that the Cash for Clunkers program had “done wonders” for the auto industry. Indeed, he hardly is alone. Automotive News recently editorialized that the program “worked,” and now it is time to “build on its success.” The editorial declared: The August U.S. ...
Government Motors: Why It Will Fail
Posted in Not So Fast! on 10 June 2009
Stats: 953 views and 7 Comments If you like Amtrak and the Postal Service, then you surely will love “Government Motors,” as the entity most responsible for the carmaker’s demise takes control. When Ludwig von Mises wrote Bureaucracy in 1944, he understood then what we are seeing now with GM. Mises understood that the bureaucratic model ...
Posted in Not So Fast! on 10 June 2009
Stats: 953 views and 7 Comments If you like Amtrak and the Postal Service, then you surely will love “Government Motors,” as the entity most responsible for the carmaker’s demise takes control. When Ludwig von Mises wrote Bureaucracy in 1944, he understood then what we are seeing now with GM. Mises understood that the bureaucratic model ...
Give Up? Are You Kidding?
Posted in From the President on 8 June 2009
Stats: 61 views and No Comments Note: This is a preview from FEE president Lawrence W. Reed's upcoming column in the July/August 2009 issue of The Freeman. These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands ...
Posted in From the President on 8 June 2009
Stats: 61 views and No Comments Note: This is a preview from FEE president Lawrence W. Reed's upcoming column in the July/August 2009 issue of The Freeman. These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands ...
The Fallacy of Economics by Coercion: Redux
Posted in Not So Fast! on 3 June 2009
Stats: 735 views and 1 Comment Some months ago I wrote a series highlighting Lawrence Reed’s classic 1981 article, “7 Fallacies of Economics,” and my last article dealt with what he called “the fallacy of economics by coercion.” One would think that a government can coerce people into creating economic prosperity, but think again. ...
Posted in Not So Fast! on 3 June 2009
Stats: 735 views and 1 Comment Some months ago I wrote a series highlighting Lawrence Reed’s classic 1981 article, “7 Fallacies of Economics,” and my last article dealt with what he called “the fallacy of economics by coercion.” One would think that a government can coerce people into creating economic prosperity, but think again. ...
Government Motors: Redux
Posted in Not So Fast! on 6 May 2009
Stats: 465 views and 1 Comment With all of the hype about Swine Flu coming into this country through infected Mexicans slipping over the border, one forgets that a worse malady, the “British Disease,” is being promoted by the Obama administration as an economic cure. If there ever an occasion to call out, “Not so fast, ...
Posted in Not So Fast! on 6 May 2009
Stats: 465 views and 1 Comment With all of the hype about Swine Flu coming into this country through infected Mexicans slipping over the border, one forgets that a worse malady, the “British Disease,” is being promoted by the Obama administration as an economic cure. If there ever an occasion to call out, “Not so fast, ...
Government Motors?
Posted in Articles, Not So Fast! on 2 April 2009
Stats: 1,553 views and 7 Comments It is fitting that this column is being published near April Fools’ Day, for the government is playing a hoax on Americans in basically nationalizing General Motors (now “Government Motors”) and Chrysler. For Chrysler this is the second bailout in a generation; the company should have been sleeping with ...
Posted in Articles, Not So Fast! on 2 April 2009
Stats: 1,553 views and 7 Comments It is fitting that this column is being published near April Fools’ Day, for the government is playing a hoax on Americans in basically nationalizing General Motors (now “Government Motors”) and Chrysler. For Chrysler this is the second bailout in a generation; the company should have been sleeping with ...
Fed Bails Out GMAC
Posted in Articles, In brief on 30 December 2008
Stats: 10 views and No Comments "The government will invest $6 billion to prop up GMAC, the auto financing giant, the Treasury Department said last night, expanding its bailout of the troubled U.S. auto industry. "The Treasury said it would use $5 billion from the $700 billion financial rescue fund it oversees to buy preferred stock from ...
Posted in Articles, In brief on 30 December 2008
Stats: 10 views and No Comments "The government will invest $6 billion to prop up GMAC, the auto financing giant, the Treasury Department said last night, expanding its bailout of the troubled U.S. auto industry. "The Treasury said it would use $5 billion from the $700 billion financial rescue fund it oversees to buy preferred stock from ...
