Self-Serving Lies

by Don Boudreaux on October 27, 2010

in Other People's Money, Subsidies

Here’s a letter to the Wall Street Journal:

G.M. North America President Mark Reuss reports that “The early enthusiastic consumer response – more than 120,000 potential [Chevy] Volt customers have already signaled interest in the car, and orders have flowed since the summer – give us confidence that the Volt will succeed on its merits” (Letters, Oct. 25).

Splendid news!  I trust, then, that the Volt’s success “on its merits” means that General Motors will return all subsidies it has received from taxpayers for development of the Volt and refuse any further subsidies that Uncle Sam might offer.

Sincerely,
Donald J. Boudreaux

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