Here, I explain why the government should not bail out failing businesses.* [* Based on: “The True Cost of Government Bailouts,” Georgetown Journal of Law and Public Policy 11 (2013): 335-48. ] 1. Background Periodically, large businesses are in danger of failure, and the government “bails them out” to enable them to stay in business and preserve jobs. A common rationale is that a business is “too big to fail”, meaning that it is so large that its failure would disrupt the overall economy, leading to further business failures, unemployment, etc.
When are you going to write a book-length treatment of contemporary public issues? I would be overjoyed to read it!