Monday, October 15, 2012

Econ 101

This simple explanation of the auto bailout by the Center for Freedom and Prosperity, should be shown in all high schools (and colleges, for that matter) throughout the land.  It makes the points that every person who has actually been in the business world understands: government should not be in the business of picking winners and losers; using taxpayers moneys for government purposes reduces the capital available to the private sector where real jobs are created;  politicians make "investments" in the economy for political reasons and not economic reasons.

This is an effective primer on economics.

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