Government Motors: No way to run a railroad.
How do you feel about Barack Obama effectively being the chief executive officer of General Motors and voting 60 percent of the stock? I hate it. I wonder what Milton Friedman would say. Milton Friedman was a celebrated economist whose views on taxation, monetary policy and business regulation informed the likes of Ronald Reagan and Margaret Thatcher. Mr. Friedman was in Asia and was taken to a job site where workers were digging a canal....