Comments on: How to Save the Auto Industry http://www.nothirdsolution.com/2008/12/19/how-to-save-the-auto-industry/ Blogging about liberty, anarchy, economics and politics Fri, 06 Jan 2012 21:07:44 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: FSK http://www.nothirdsolution.com/2008/12/19/how-to-save-the-auto-industry/comment-page-1/#comment-4980 FSK Fri, 19 Dec 2008 23:43:01 +0000 http://www.nothirdsolution.com/?p=1578#comment-4980 You still missed one big solution for reforming the auto industry. Repeal all the State regulations that make it hard to start a new car company. For example, it costs millions of dollars to get a new car approved as "street legal", which means a couple of guys working out of their garage can't profitably make and sell cars. In other words, repeal all the regulations that make it hard to start a new car manufacturing business and allow the "Big Three" to go bankrupt. Instead, there will be a large number of small automakers. When automobiles were first invented and the industry was unregulated, there were as many car manufacturers as there were .coms in the 1990s. (At that time, the Federal Reserve bubble creation mechanism was already in full effect.) You still missed one big solution for reforming the auto industry.

Repeal all the State regulations that make it hard to start a new car company. For example, it costs millions of dollars to get a new car approved as “street legal”, which means a couple of guys working out of their garage can’t profitably make and sell cars.

In other words, repeal all the regulations that make it hard to start a new car manufacturing business and allow the “Big Three” to go bankrupt. Instead, there will be a large number of small automakers.

When automobiles were first invented and the industry was unregulated, there were as many car manufacturers as there were .coms in the 1990s. (At that time, the Federal Reserve bubble creation mechanism was already in full effect.)

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