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Posted by William A. Jacobson on October 05, 2010 10 Comments
I posted earlier about how Cash-for-Clunkers, by driving up the values of used cars, would hit Rhode Islanders because Rhode Island municipalities tax car ownership based on the Blue Book value at December 31 of the prior year. We just received our tax bill for...

Posted by William A. Jacobson on August 25, 2010 6 Comments
Cash for Clunkers was an abysmal failure which distorted the used car market, driving up prices and harming, most of all, poor people. But of course, you already knew that if you read this blog.  And so writes Jason Kuznicki: And the payback isn’t long...

Posted by William A. Jacobson on July 02, 2010 4 Comments
Last summer’s Cash for Clunkers program artificially boosted used car prices by requiring destruction of the clunkers, thereby restricting the supply of used cars. That was bad enough for people looking to buy used cars. But the market distortion caused by government intervention is hitting...

Posted by William A. Jacobson on August 09, 2009 4 Comments
The much ballyhooed Cash for Clunkers program has had the unintended consequences of driving up the cost of new and used vehicles and used auto parts, according to independent studies of the auto markets. The Cash for Clunkers program demonstrates the danger of government trying...

Posted by William A. Jacobson on November 01, 2013 23 Comments
Hey, remember Cash for Clunkers? We sure do, we wrote about it frequently and predicted negative unintended consequences: We Are All Car Buyers Now Cash for Clunkers Driving Up Prices Cash For Clunkers Rear Ends Rhode Islanders “I Didn’t Buy A Clunker, But I’m Paying...

Posted by Matthew Knee on August 11, 2011 20 Comments
Michelle Malkin reports: Inspired by President Obama’s “Sputnik moment” speech back in January, the government-sponsored Smithsonian Institute has launched a new blog called“Department of Innovation”… Sharp-eyed reader Rob M. certainly found the “Department of Innovation”s logo entertaining. You will, too. Take a closer look: As Rob...

Posted by William A. Jacobson on November 18, 2010 9 Comments
The GM stock offering is being hailed as a huge success by the Obama administration: President Barack Obama says General Motors’ plan to sell stock marks a major milestone not only in the turnaround of that iconic company, but of the U.S. auto industry as a...

Posted by William A. Jacobson on September 30, 2010 20 Comments
The federal government is forcing states and municipalities to change the lettering on street signs from all CAPS to initial Caps because it supposedly is easier for motorists to read, and therefore will save milliseconds of driver attention which might, I repeat, MIGHT, save lives....
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