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Wednesday, August 05, 2009

From "cash for clunkers" to "money for McMansions"?

“The economic idiocy behind destroying the engines of the ‘cash for clunkers’ vehicles is almost unfathomable,” writes a reader. “What next -- a ‘money for McMansions’ program in which homes are burned in order to stimulate new home sales and prop up the price of existing houses? Bastiat must be spinning in his grave as we break windows on the most massive scale in history.”
-- from "The Worst is Over? College Costs, CRB Bull Market v2.0, Bank Warning and More!" by Addison Wiggin and Ian Mathias

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