Economics

What Happens When Government Makes a Concerted Effort to Eliminate Old Cars?

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Used cars get rarer and more expensive, natch, though this Wall Street Journal article today on the phenomenon of surging prices in used cars--$1,500 to $3,000 more than six months ago--never once mentions the words "cash for clunkers"--a program that removed 690,114 cars from the potential secondary market.

Reason writings on the madness of destroying useful things to stimulate "the economy."