New at Reason: Steve Chapman on the Trouble with Washington Running a Car Company

June 8, 2009

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.

Read all about it here.