Cash For Clunkers is an economically unsound program that will only make the American economic situation worse. It transfers wealth from one group of people to another while simultaneously destroying real wealth and misallocating scarce capital away from its best use. To understand why this is, you need only understand the Broken Window Fallacy.
Continue reading...Wednesday, June 2, 2010
From the Coyote Blog, see the graph below. Stimulus funds just create purchases now that will be forgone later. And they subsidize the purchases with tax funds or debt, basically transferring funds from one person to another for no good reason (other than buying votes, of course). The dotted line simply averages the sales for […]
Continue reading...Monday, October 5, 2009
On August 3rd we told you exactly what would happen with the Cash for Clunkers Program and why. Now economic data and the Wall Street Journal have confirmed our prophecy prediction. SBABG on August 3rd. Cash For Clunkers is an economically unsound program that will only make the American economic situation worse. It transfers wealth […]
Continue reading...Tuesday, March 23, 2010
Comments Off on Cash for Clunkers update – predicted failure now *fully* confirmed even more than previously
Not to toot our own horn, but, toot toot. Graph from the American Thinker, Care Sales ($millions) Reported by Dealers.: Cost to taxpayers for each extra car sold because of Cash for Clunkers: $20,000 Number of clunkers turned in (and taken out of the market): 677,081 Price increase for used cars since CfC: 13.7% Change […]
Continue reading...Friday, October 30, 2009
We’ve been having a lot of conversations with Small Business owners about how they will change their businesses if Congress passes their monstrous, prosperity-killing Health Care Bill. We are also small business owners and employees ourselves, and what is emerging from these conversations frightens us and should frighten all American workers. The consensus? “They can […]
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Monday, August 3, 2009
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