Vandal Economics

[Kevin_Kennedy]

“In keeping with the requirement that old engines be destroyed, mechanics across the country poured sodium silicate into crankcases and revved engines, causing mass car death,” says an article in Harper’s Weekly.

“‘It just don’t make sense,’ said a used-car-parts salesman in Dayton, Ohio. In Glenview, Illinois, mechanics watched a blue 1994 Chevy Lumina van wheeze and choke for five minutes before stopping. ‘That’s a good American GM product,’ said service manager Mark Rolla, ‘that won’t die.’”

Let’s open up the hood and take a better look. Does “Cash for Clunkers” really work, we ask? In answer, we guffaw. Then, we invite dead economists to guffaw with us.

Vandal Economics by Bill Bonner