Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.”     Ayn Rand,    The Smallest Minority

February 18, 2009

Quote Of The Day

by Doug Mataconis

Over at The Truth About Cars, Ken Elias looks at the latest requests for an autobailout:

This is bad craziness. Never mind the cost. Or the fact that the bailout is doomed to failure. Government money provided to private enterprise on this basis completely distorts the function of the marketplace. It rewards incompetence. It perpetuates incompetence. The bailout does nothing to address GM’s fundamental inability to sustain car brands with class-leading products. Nor can it. It is not the government’s responsibility to pick a winner in a free market. Nor is it the government’s responsibility to “save” a loser.

What he said.

TrackBack URI: http://www.thelibertypapers.org/2009/02/18/quote-of-the-day-55/trackback/
Read more posts from
• • •

No Comments

No comments yet.

Comments RSS

Subscribe without commenting

Sorry, the comment form is closed at this time.

Powered by: WordPress • Template by: Eric • Banner #1, #3, #4 by Stephen Macklin • Banner #2 by Mark RaynerXML