Tag Archive | "broken window fallacy"
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...Is SBABG prophetic or are the White House and Congress just stupid?
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...Cash For Clunkers is a Modern-Day Version of the Broken Window Fallacy
Monday, August 3, 2009
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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Tuesday, March 23, 2010
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