Why Government Can’t Run a Business

By: Erick Erickson (Diary)  |  May 29th at 10:42 PM  | 

This should be required reading by everyone under the sun. In 1913, for instance, thinking it was being overcharged by the steel companies for armor plate for warships, the federal government decided to build its own plant. It estimated that a plant with a 10,000-ton annual capacity could produce armor plate for only 70% of what the steel companies charged. When the plant was finally | Read More »