Report: ?Cash for Clunkers? Was a Lemon

Here’s the thing about subsidies: They encourage people to do more of something than they would have under normal circumstances.
The costly "Cash for Clunkers" did little to reduce pollution or stabilize the auto industry, according to a new report. Photo: The Daily Green
That’s okay if the activity the government is subsidizing creates an overall benefit [...]

Source: http://streetsblog.net/2011/11/04/report-cash-for-clunkers-was-a-lemon/

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