Thursday, November 20, 2008

Moore on the Possible Auto Bailout

I didn't think of it until I saw the link-- but considering Roger and Me is almost 20 years old, Michael Moore should have something to say about the possible auto industry bailout, right? Especially considering if you'd have asked him twenty years ago, he'd probably have been in favor of exactly what could potentially happen here in the near future.

Read it for yourself, it's not too hard to find the flaws, but note especially the tension between free-market capitalism doing its job and the deep-rooted desire to eliminate any negative outcome associated with it.

Most of our principles classes are strewn with examples of good economics and good economic reasoning, and that's fine. But there's also value in showing bad economics and bad economic reasoning; as such, Michael Moore should always have a place in the classroom.

No comments: