Bail, Baby, Bail: What General Motors Can Teach Us about Policy Distortions

November 17, 2008

What's wrong with U.S. automakers? Nothing that better price signals couldn't fix, according to CGD senior fellow Vijaya Ramachandran. Ramachandran and her co-bloggers argue that artificially low gasoline prices—and weak fuel-efficiency standards—are behind the collapse of Detroit's Big Three automakers.