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“‘Cash for Clunkers’ actually hurt the auto industry”

“‘Cash for Clunkers’ actually hurt the auto industry”
“Now, a new study by three Texas A&M University economists says the misguided stimulus policy wasn’t even good for the auto industry. Mark Hoekstra, Steven L. Puller and Jeremy West find that the program’s fuel-efficiency constraints induced people to purchase smaller, less expensive cars than they would otherwise have bought,” by David Nicklaus, St. Louis Post-Dispatch.
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Posted by Steve on October 25, 2014 at 6:05 am | Permalink

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