Todd Zywicki:The close relationship between the rule of law and the enforceability of contracts, especially credit contracts, was well understood by the Framers of the U.S. Constitution. A primary reason they wanted it was the desire to escape the economic chaos spawned by debtor-friendly state...
panic in detroit
My first thought was "Toyota suffered a loss in 1937?" But no; turns out that the automotive spinoff of Toyota Industries was founded in 1937. Impressive that they managed a.
John Judis brings the appropriate level of outrage to the failure of the auto bailout. And I actually think Kevin Drum is being too charitable when he attributes Republican opposition.
This K-Drum post encapsulates much about what I find strange about the way some liberals have been discussing the American auto industry. First of all, is there any other context in which progressives would uncritically use the conserveratrian formulation "wage problem"? Am I supposed to...
Marcy Wheeler has the details on the bridge loan plan. I like the Atrios and (especially) Pelosi amendments, the latter of which is certainly essential.I also agree with Wheeler about.
I think I just became a lot more sympathetic to the bailout...
I think this article by Jon Cohn is very important. There are two points here that I think should be emphasized. First, I do think that there's a tendency to go a little overboard when it comes to the quality and popularity of American cars....