DIGG THIS In a December 15, 2008 issue of the American Conservative, the director of the Manufacturing Policy Project Pat Choate made an impassionate plea for a speedy and massive bailout of the auto industry. Among other things, he took nations such as Japan and Korea to task for being too protectionist (I am sympathetic to his arguments) and Germany for allegedly subsidizing car exports and discouraging car imports through the predatory use of the infamous value added tax or the VAT. Writes Choate: When a German automaker exports a vehicle into the U.S. that costs $50,000, for instance, it … Continue reading The VAT Subsidy