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Archive of posts published in the tag: cash for clunkers

The Great Debate Part IV

More from  Roy Fickling in response to a debate that centers on promoting economic growth verses a more fair and even distribution of wealth.  For a bit about Roy’s experience see The Great Debate  Part I You ask, “By the

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Bailout Backlash

It was easy to predict that the Cash for Clunkers would only drive up sales very temporarily as the expense of future sales.  Recent results have verified the sharp dropoff in auto sales when the program ended. It was also

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A Clunker Economy

The editors of National Review note the destructive aspects of the cash-for-clunkers program in “Uncreative Destruction”.  read it here. If there is one absolute rule in economics it is that everything has a cost.  What were ‘clunkers’ to the program

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Bastiat’s New Car

The cash for clunkers is a clear example of the economic fallacy known as Bastiat’s fallacy. We see the results of the expenditure- a sharply increase in auto sales- but we ignore the real cost of the program because we

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