Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Cash for Clunkers costs taxpayers $24,000 per car/ how wealth is destroyed

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Cash for Clunkers costs taxpayers $24,000 per car .

CNN breathlessly reports that this “stimulus” program added to GDP.  Why, if it were that simple, we could just borrow and spend our way into prosperity forever.

Uh oh.  What if the world really doesn’t work that way?

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Written by heyercapital

October 29, 2009 at 12:18 pm

Posted in Econ

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