Wednesday, February 3, 2010

Toyota Problems

This was one of the headlines on Yahoo his morning: "AP - Transportation Secretary Ray LaHood says he plans to speak with Toyota President Akio Toyoda about the auto maker's spate of recalls in the United States. LaHood confirms that the government is investigating potential electrical problems in Toyota vehicles."

It's a good example of government meddling in what should be none of their business. If Toyota makes an unsafe car, people will find out, and they will stop buying Toyotas. That will cost Toyota lots of money, and they will fix the problem. It does not require an investigation. It does not require a government bureaucrat meddling in the market. It does not require taxpayer money spent to support a huge government bureaucracy. It does not require a Department of Transportation. It does not require government at all. It is free people trading among themselves.

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