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re: Cash For Clunkers Was a Complete and Utter Failure
Posted on 9/3/14 at 7:11 pm to BigPapi21
Posted on 9/3/14 at 7:11 pm to BigPapi21
It certainly did damage. Rather than forcing the destruction of the "clunkers," they should have just offered up a tax credit for certain fuel reducing cars. It basically was a real world example of the broken window fallacy taught in most 1000 level economic classes.
1
Posted on 9/3/14 at 7:57 pm to C
quote:A bit simplistic as a baker is going to spend his money on a suit instead of the now needed pane of glass. whereas people don't (not those driving clunkers) just go out and spend on a new car. They save. CFC replaced saving with spending.
It certainly did damage. Rather than forcing the destruction of the "clunkers," they should have just offered up a tax credit for certain fuel reducing cars. It basically was a real world example of the broken window fallacy taught in most 1000 level economic classes.
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