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


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."