Economics

Reason Writers Around Town: Matt Welch Debates Dean Baker About the Auto Bailout at the L.A. Times

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Together! United! We can never be defeated!

For the remainder of the week, Reason Editor in Chief Matt Welch will be arguing Detroit bailouts with lefty economist Dean Baker. Today Baker contends that events have left President Obama "little choice" but to exert control over carmakers, because "the economic crisis caused by the collapse of the housing bubble has devastated the automobile industry." To which Welch responds: Oh really?

Read the whole exchange here.