Monsieur Bastiat, Call Your Office

John Stossel links to videos of some very non-clunkerish appearing cars scheduled for demolition.

Are these "clunkers?" Can it really help the economy to destroy perfectly good assets?

Of course, destroying assets does not help an economy. The politicians who defend Cash for Clunkers remind me of the silly people who said that the rebuilding that would come after the destruction of Hurricane Katrina would “stimulate” the economy. What they forget is that the money for rebuilding —and the cash-for-clunker money—is forcibly taken from people who would have used that money to create other things.

Hat-tip: Insty

Posted by John Kranz at August 27, 2009 4:44 PM