TO THE EDITOR:
Regarding "Automakers call for more U.S. help on microchips in Senate hearing" (autonews.com, April 27): I am appalled at the lack of economic understanding of the actual results when the government interjects itself into market mechanisms. I direct these comments to those in the automobile industry. Politicians are past hope regarding their understanding of the results of their actions over the last 80 years.
For people desiring a greater understanding, please seek the available works and research of Thomas Sowell, a great American economist. His six decades of diligent work will enlighten you beyond your greatest expectations.
The market will react to the supply issue of chips needed by all industry segments. It will take time for market participants to adjust resources and capacity. Throwing more taxpayer money and government incentives at it will be wasteful in the short term and inefficient in the long run, as it distorts the proper economic balance of true market incentives.
I would suggest that a core element of the great American dream is overcoming adversity. So stop the whining and get to work!
DAVID PILCHER, Indianapolis, The writer is a used-car dealer.