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December 5, 2008 | A Behavioral Trap Threatens Fed in Detroit

Pouring Fed money into the car-makers of Detroit is tempting. ++ If they slip, “a myriad” of other companies depending on them will fall. ++ But if the Fed bails out car companies, credit card companies will come begging, after which come “makers of dog polisher and electric banana straightener.” ++ A bail-out will commit the Fed to spending more if $25bn turns out not to be enough. ++ “Before

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November 20, 2008 | An Auto Bailout Would Damage Free Trade

A bailout for the Big Three automotive companies could damage US engagement in the global economy. ++ Foreign investment and job insourcing would take a major hit, costing jobs and devaluing the dollar. ++ By expanding protectionist policies around the globe, the bailout would hinder US multinational businesses, including the Big Three auto-makers. ++ To keep up international competition, the US

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November 17, 2008 | Gas: $3.50

General Motors is on the brink of bankruptcy with Ford and Chrysler not far behind. ++ The government must bail out the auto industry as hundreds of thousands of jobs are at stake. ++ A gas tax is the answer. ++ Gas prices should be set to $3.50 per gallon with a variable tax adjusted according to the real gas price. ++ This tax could revenue $17 billion in one month, $140 billion in one year,

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June 20, 2009 | Good Article!!!

March 14, 2009 | German's new, young fresh Minister for...

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