Cars R Us

You got a fast car
And I got a plan to get us out of here
--Tracy Chapman

An account of the auto bailout from the car czar. Not a bad look thru the eyes of central planners. Note all the levers these folks pull once they tune out market forces.

The chances of bureaucrats getting these decisions correct--and then correctly adjusting their decisions as markets evolve--are miniscule.

All we've done is propped up large inefficient operators with resource sets that, if market forces were permitted to rule, would be redeployed to more efficient ends.

Consequently, standard of living suffers.

And at some point those market forces will rule despite attempts to intervene.