Top

WSJ: Bankruptcy Doesn’t Equal Death

Posted on 星期四, 12月 11, 2008 at 10:42 上午

boudreaux_s.jpg

Don Boudreaux on WSJ: Bankruptcy doesn’t make assets — such as factories, machines, contractual options to buy raw materials, workers’ skills — disappear. If markets still exist for products produced by these firms, Chapter 11 is the best way to discover this. Some workers might lose their jobs and some suppliers might lose their markets, but there would be no industry-wide collapse of the sort portrayed by the bailout’s cheerleaders. See here.

给作者留言(不公开):


Bottom