Small Business Against Big Government

Cash For Clunkers is a Modern-Day Version of the Broken Window Fallacy

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.

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Historical Revisionism Alert! Who you gonna believe, me or your lying eyes?

From Hot Air: New White House spin: Stimulus not designed to … stimulate ABC Reports today that White House spokesman Robert Gibbs said at a briefing Thursday, The $787 billion “American Recovery and Reinvestment Act” (AARA) was not designed for full economic recovery, but rather to “stabilize” the downturn.  That’s the word from White House officials today, who [...]

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