Mercedes-Benz plant in Tuscaloosa, Ala. (Photo: Gary Tramontina/The New York Times) My University of Chicago colleagues Josh Rauh and Luigi Zingales have written an insightful essay on G.M.’s plight and what the government should do about it. They, like virtually all economists, think the auto industry bailout under consideration is not the right solution. They believe the best option is . . .