Thursday, August 27, 2009

Unintended Consequences of Cash for Clunkers

The government has taken innumerable steps to stimulate the economy and bolster certain "indispensable" industries. But what will be the unintended consequences and unforeseen residual impacts of an unprecedented level of government intervention in the free markets?

Already, here's an article about the upcoming traditional peak car buying season thrown out of whack by the timing of the Cash for Clunkers program and the higher prices paid by consumers as a result.

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