General Motors (GM) has approached the U.S. Federal Reserve for cash injection so that its business can continue operation. Many including new President-elect Barack Obama see this bailout necessary to avoid job losses and fall of manufacturing sector.
However, Ludwig von Mises Institute has a different point of view regarding whether to bailout GM. In summary, an article published by them says the bailout should not proceed and GM should file for bankruptcy.
Yet Another GM Bailout [via]
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