No economy is made better off by destroying existing resources. But that's what "cash for clunkers" tried to do, while only driving up the price of transportation for middle and lower-middle class families.
Joseph F. Becker
Joseph F. Becker is a Mises University graduate who earned his master’s degree in economics under Murray Rothbard. He worked with the Nevada Policy Research Institute’s Center for Justice where he sued government agencies on behalf of plaintiffs with sympathetic libertarian causes.
