Guest Post by Paul Craig Roberts
A person can sometimes learn a lot from car magazines. I learned three things from the May-June issue of Hagerty’s Drivers Club.
One was that Preston T. Tucker was about to change the automobile world with his Tucker, a “Car of Tomorrow.” His car surpassed Detroit in every respect–style, engineering, performance, and it was competitively priced. So a corrupt Detroit teamed up with a corrupt US senator, Homer Ferguson of Michigan, a corrupt SEC, and a corrupt journalist to put Tucker out of business. So much for the free market and free competition narrative they teach in economics.
Continue reading “Menace In Three Parts”
