“The U.S. government’s $1 billion ‘cash for clunkers’ program to spur new car sales ran through the money six days after it began, Senator Debbie Stabenow said.” (Bloomberg, Friday)
So the government borrows money to subsidize new-car buyers, while preventing lower-income people from buying used cars.
FEE Timely Classic
“Coercivists and Voluntarists” by Donald J. Boudreaux
Recently many popular websites went black to fight the proposed SOPA and PIPA bills. Fighting censorship, however, is nothing new. ... Go to blog
It appears that spending on government education in one year was 324 times the amount companies spent on Super Bowl ... Go to blog
In digging through the archives at the Foundation for Economic Education, one comes across a variety of correspondences, from the ... Go to blog
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