However in this case, a car may have been worth more as scrap that on the road, so that may not be true. Still, I fear that this was a case of the neither the auto manufacturers, dealers, or even the public getting bailed out.
2009-10-10
Clunker redux
An interesting take on cash for clunkers. I agree with the basic premise that it is not possible to generate value by destroying a working asset.
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