cash for clunkers

Government stimulus requires borrowing money.  So it can do more harm than good unless spent carefully, focused on two goals: Mitigate the suffering caused by the downturn (e.g., Medicaid, unemployment insurnance, food stamps). Investment in infrastructure projects that generate tangible future returns.  Classic examples are transportation, utilities (water purification, sewage treatment), telecommunications. (For more about this see …

Cash for Clunkers is madness! Let’s expand it to new horizons! Read More »