I know that I should not wade in on this topic, but I cannot help it. We live in a global economy and you have to buy where you can get the best value. What is an American car? Is it a Toyota made in Kentucky or a Chevy made in Ontario? There is a concept in economics called “comparative advantage”. This basically says that “If you can buy it cheaper than you can make it; buy it!” To badly paraphrase Adam Smith, “If this is true for a household, it is equally true for a country.”
I don’t feel that I should be forced to pay for the failure of the American auto industry. And I am not blaming the auto unions either. Management was more than complicit in that failure. Same with the electronics industry.
It would be great if PBS ran the “Free to Choose” series featuring Milton Friedman again. That is the best economics lesson I ever had.
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"I am not a number. I am a free man."
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