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Becker and Posner Debate the Auto Bailout:
The Volokh Conspiracy — ... and Gary Becker have interesting posts debating the auto bailout. Despite some reservations, Posner supports a bailout. Becker on the other hand oppose it and argues that going into bankruptcy is the best solution to the Big Three's problems. ON balance, I am much more persuaded by Becker's arguments. But both sides make good points and are well worth reading. This part of Becker's post provides a compelling answer to one of the most important pro-bailout arguments: GM and the other carmakers have claimed that bankruptcy would have a particularly big effect on sales because ...

Detroit Bailout: Conflicted and Confused
The Moderate Voice — ... ’s conclusion that “domestic producers should not be allowed to collapse at a time of profund and … worsening economic distress.” But we then flip and give props to Nobel Laureate Economist Gary Becker, when he argues that bankruptcy is the better option, that it “would strengthen rather than weaken the competitive position of the American automakers.” ...