posted on Sep, 7 2009 @ 08:53 PM
Originally posted by nixie_nox
reply to post by Tentickles
What does that have to do anything. No one forced these people to buy a car.How absurd.
Because Government intervention in the market creates mal-investment. It's comparable to the FED setting interest rates at record lows. What happened
there? It created easy loans, which triggerd mal-investment.... obviously...
So to answer your question, It has everything to do with this. No mal-investment in horribly made automobiles could have occured if the Government
never created Cash for Clunkers. Pretty simple really...
And yet now, because of that stupid program, you, me, and everyone else that did not use this rediculous scam to buy a car, will end up paying for
those that did in the long run.
This ends your lesson on why government intervention in the market is always a terrible idea, and how it always...... always..... ends badly.
[edit on 7-9-2009 by aravoth]