why was “cash for clunkers” so bad? Was there any good?

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Every article says it was bad, but why? And was there any good to it?

In: Economics

8 Answers

Anonymous 0 Comments

The price of gas stayed under $3 for over a year after the program ended. I won’t claim that all (or mostly) due to C4C, but replacing vehicles getting 15 mpg with ones getting 25 mpg did reduce demand for oil.

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