The Stifling of Innovation through Government Intervention

The Stifling of Innovation through Government Intervention

Submitted by JohnGalt on Tue, 05/05/2009 - 14:07

In his weekly Video Blog, Peter Schiff discusses the Chrysler Bailout.  This company, which has been in trouble for years, has declared bankruptcy and is undergoing a major restructuring.  Schiff uses this to explain how inefficient and deletrious the government bailouts are to the U.S. economy.  By propping up these companies, capital is not flowing to the most efficient place, which stifles innovation and job creation in the short, medium and longer term.

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