Money well spent. NOT

by Russ Roberts on October 29, 2009

in Not from the Onion, Subsidies

Free golf carts.  (HT: Paul Glashofer). Thought this was from the Onion. It’s not.

More on clunkers.

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{ 9 comments }

Yuri October 29, 2009 at 7:18 pm

A natural consequence when you offer people other people’s money. They are going to take it.

Justin P October 29, 2009 at 7:19 pm

Maybe this is their convoluted answer to AGW? Golf Carts are electric right? So easy solution, make everyone drive Golf Carts.

Anonymous October 29, 2009 at 7:23 pm

And electricity is created by power plants burning coal or gas. Ah, the circle of life.

Justin P October 29, 2009 at 9:26 pm

Oh Dems don’t care about that…as long as those evil greedy oil companies (Gas and Coal producers are further down the totem pole of evilness) are made to suffer, they’ll be happy.

Anonymous October 29, 2009 at 10:06 pm

A Dem made this exact same point on another post earlier today.

Caricaturing is unbecoming of you, Justin :)

Justin P October 30, 2009 at 2:01 am

Which post?

BoscoH October 29, 2009 at 10:11 pm

I think it’s just ripe how the White House and Ford defend the stupid program by cheerleading. This is a classic case of “you’re not allowed to criticize us because our hearts are in the right place and we’re trying to do something”. And when you point out the real effects, well, you’re just ruining a good thing. Even if it costs $24K per additional car sold.

mesaeconoguy October 30, 2009 at 2:27 am

There are 3 important concepts here:

1) incentives,
2) incentives, and
3) incentives.

These concepts are also fundamental to economics. Money is a wonderful incentive, medium of exchange, and, as they say, kinda makes the world go ‘round…..

http://www.youtube.com/watch?v=7sNJhX0x7yI

You can keep your Marxist ways, but it’s only just a phase….

mesaeconoguy October 30, 2009 at 2:27 am

There are 3 important concepts here:

1) incentives,
2) incentives, and
3) incentives.

These concepts are also fundamental to economics. Money is a wonderful incentive, medium of exchange, and, as they say, kinda makes the world go ‘round…..

http://www.youtube.com/watch?v=7sNJhX0x7yI

You can keep your Marxist ways, but it’s only just a phase….

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