Dear Wonk Room: No 'Right' Way to Bail Out Industry
Published: 11/11/2008 9:32 AM ET
Editor, The Wonk Room
Dear Editor:
Regarding your most recent post boasting the faux-reasonable title "If It Happens, The Auto Industry Bailout Needs To Be Done Right" (Nov. 10): Piffle.
While it's true that some ways of bailing out this industry would be less harmful than other ways, there is absolutely no "right" way to do it. To advise government to do the auto industry bailout "right" makes as much sense as advising a burglar to burgle the neighborhood houses "right."
Sincerely,
Donald J. Boudreaux
Don Boudreaux is the Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser.
