GDP R.I.P?

Here we go again….  I just posted about the broken window fallacy on Saturday, and here comes Eric Zencey writing in the NY Times trying to claim that “If you get into a fender-bender and have your car fixed, G.D.P. goes up” and that “Hurricane Katrina produced something like $82 billion in damages in New […]

New bumper sticker

Here’s a bumper sticker someone needs to make – “Honk if I bought your clunker”, or “Honk if I bought your new car”. Just like the “Honk if I’m paying your mortgage” stickers last year, cash for clunkers is simply a way for politicians to take money from one group and give it to another […]

Cash for Congress – err – Clunkers

Cash for clunkers seems to be all the rage this week.  Hundreds of news stories and blog posts are telling everyone how successful it is, how it RAN OUT OF MONEY IN ONE WEEK when it was supposed to last until November, and how this will boost the economy. Bullshit. Here’s an excerpt from the […]

Cash for clunkers

The government announced the details of the $1 billion “cash for clunkers” program today.  Here’s a relatively good Q&A on it. One thing the Q&A says that I disagree with – ok, I think they are 100% wrong – is this: Q: My old car or truck is worth more than $4,500. Should I use […]