Subsidies and bailouts explained by Calvin and Hobbes!

I joke with my students that everything we need to understand in this world is right there in Calvin and Hobbes comics. Of course, I do use some of them in my classes--particularly Calvin's comments on school and education, and we know he had quite some views :-)

Thanks to Mankiw's post linking up to a Calvin piece, we now can explain why GM or any other business needs a government bailout! What a brain that Bill Watterson had; if only he had not abruptly called it quits :-(

(click on the image for a larger and clearer one)