November 18, 2012

Why the Volt Shouldn't Exist But Twinkies Still Will

Dave Maney, Minyanville

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Reports of the death of Twinkies have been greatly exaggerated. You can bet your less-than-a-UAW-worker's next paycheck that the delightfully unnatural confections and wondrous white breads from Interstate Bakeries Corp. are not going away, news stories to the contrary notwithstanding.

I wish we could say the opposite about the financially disastrous, US-government-subsidized Chevy Volt, but we can't. The fact that the Invisible Hand will ultimately keep us in golden sponge cake reveals everything about what goes wrong when the bumbling hand of politics intervenes in free markets.

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TAGGED: Bailout, General Motors, Dave Maney, Chevy Volt, Hostess