Americans Can Invest in Companies Without Bailouts

Don Boudreaux, Chairman of the Department of Economics at George Mason University and a Business & Media Institute adviser, has posted his letter to the editor he sent the Toledo Blade. It is no wonder George Mason has such a great economics department :).

He hammers the point home by saying:

I remind these executives that each American is already perfectly free and able, with no action from government, to "get a stake" in these companies. Of course, few Americans now choose to do so – a fact that reflects the considered judgment of millions of people that these companies are unworthy recipients of investment funds. If millions of investors, spending their own funds, refuse to invest in GM, Ford, and Chrysler, why should Congress force them to make such investments?

Read the rest at:
http://www.businessandmedia.org/articles/2008/20081203161440.aspx

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