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Economic nationalism you can believe in

July 28, 2009

The superheroes Superobamamen and his friends the Incredible Dems want to save the American auto-industry! They want to take money away from productive folks and give it to the incompetent cadres in Detroit as a reward for producing tank-like Hummers all these years. What’s wrong with Toyota’s technology? Why punish the firms that were doing the right thing? and how is this different from the economic nationalism of Berlusconi and Sarkozi?

This is not the change we need. Frederic Bastiat knew as much a hundred and fifty years ago. You don’t spur the economy by breaking windows.

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From → Bastiat

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