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What's the Point of Bailing Out the Auto Industry?

TRUTH ON THE MARKET found this 12/15/2008 on freakonomics.blogs.nytimes.com

Governments intervene in markets all the time - and they should, in order to make markets more competitive; to solve problems of externalities (which are ubiquitous); to resolve difficulties caused by individuals' shortsightedness, including the spurring of innovation; and to reduce transactions ...