The Edsel was
one of the biggest flops in the history of car making. Introduced
with great fanfare by Ford in 1958, it had terrible sales and was
junked after only three years. But as Steve Chapman writes, if
Congress had been running Ford, the Edsel would still be on the
market. That became clear last week, when Democrats as well as
Republicans expressed horror at the notion that bankrupt companies
with plummeting sales would need fewer retail sales outlets.
Reason Magazine
New at Reason: Steve Chapman on the Trouble with Washington Running a Car Company
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