The Corner

Casino

Today on Uncommon Knowledge, Thomas Sowell takes issue with the notion that GM’s recovery demonstrates that bailouts push an economy out of recession.

It is like going to Las Vegas and saying, ‘I put my quarter in the machine and out came a hundred dollars.’  Yes.  Now put another quarter in and see if you get another hundred.

 

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Peter Robinson — Peter M. Robinson is a research fellow at the Hoover Institution.

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