November 16, 2012 at 16:30 PM EST
Hostess and the GM Bailout: Why the Chevy Volt Shouldn't Exist but Twinkies Still Will
MINYANVILLE ORIGINAL 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 as it did in the case of General Motors (NYSE:GM). ...
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