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meganmcardle.theatlantic.com — Freddie wants me to talk about the human costs of not having the auto bailout.  That's easy:  they're terrible.  Lots of people will lose their jobs.  Those that don't will have their expectations for an upper-middle class life crushed. Am I glad to see this?  No.  ...
vote down Newmark's Door found this 11/16/2008
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Prose-as-almost-poetry in defense of the market
Newmark's Door — By Will Wilkinson. Beautiful. By Megan McArdle. Also beautiful. But lest I get too carried away, there's also the story of the calamity in Iceland.

Auto bailout: there's a better way
Knowledge Problem — ... and Megan McArdle's combination of sympathy with people in changing circumstances and expectations that can create hardship, but also with the painful reality that none of us -- none of us -- has any guarantees in this world. That includes job guarantees. And in this case, a bailout would mean job guarantees for now, at a great cost to everyone else, because it would mean the perpetuation of the extremely flawed business practices of the U.S. auto industry as a whole. ...

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