Archive for August, 2009
More on Clunkers
Friday, August 21st, 2009Another good perspective on clunkers and indeed any evaluation of an economic policy, i.e., you gotta consider the opportunity cost. And a reference at the end to Bastiat’s Parable of the broken window. See the full article here.
Did Cash For Clunkers Work?
By Matthew Bandyk
On Thursday August 20, 2009, 4:46 pm EDT
At Slate’s Big Money, Matthew [...]
Maybe Cash for Clunkers was the clunker
Tuesday, August 18th, 2009A couple of economists have calculated the Cash for Clunkers is costing us anywhere from $200-500 per ton of carbon dioxide saved. This as opposed to the estimated $28/ton that the climate bill will cost. I think both their estimates understates the cost and overstates the pollution savings, since you also have to take into [...]