Re:The End of Car Culture
by sempergumbi on Monday July 01, 2013 @01:30AM
(#5968841)
Used Hondas and Toyotas did not depreciate 2010-2013 because the Cash-for-Clunkers débâcle reduced the supply of used cars, keeping up their price.
The suggestion that destroying operational vehicles would be a net gain for the economy is an excellent illustration of the broken window fallacy.
Cash-for-clunkers helped middle and upper-middle class people, including some friends of mine, who wanted to buy new cars. The cost of the program was born mostly by poor people, as is often the case.
The suggestion that destroying operational vehicles would be a net gain for the economy is an excellent illustration of the broken window fallacy.
Cash-for-clunkers helped middle and upper-middle class people, including some friends of mine, who wanted to buy new cars. The cost of the program was born mostly by poor people, as is often the case.