"Cash for Clunkers" appears to be a bizarre combination of the "broken windows fallacy," the desire to change the climate of the planet, and staggering administrative incompetence. In other words, "Cash for Clunkers" hits the trifecta: bad economics, bad science, and bad government."
Friday, August 21, 2009
Cash for Clunkers Hits the Trifecta
Great quote posted by Jim Lindgren over at the Volokh Conspiracy:
While it's in quotes, he doesn't say who said it. Whoever it is, he nailed it. Go check out the post. There's YouTube video of the cruel execution of an innocent Corvette.