On having a Car CzarDecember 10, 2008 Tim WorstallBusiness2 CommentsI believe the appropriate response is, "how exactly did that czar-thing work out for Russia?" previousAn interesting question.nextA bit of a surprise 2 thoughts on “On having a Car Czar” DavidV December 10, 2008 at 5:31 pm Perhaps a careful comparison of how the German State banks fared in the current crisis compared with their private counterparts might dim the current “THE STATE CAN SOLVE EVERYTHING” craze somewhat. Michael Jennings December 10, 2008 at 7:11 pm And there are lots of other examples. Credit Lyonais scandal anyone? Australians may remember the fate of the the State Bank of Victoria in the late 1980s. (For non-Australians, it did lots of silly things, and to bail it out the federal government engineered an arangement where a larger state (but federally) owned bank acquired it and then was privatised in order to pay for it). Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.