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Cash for Clunkers: Ending is Better than Mending?

Cash for Clunkers is a fantastic program to think about. We could spend hours talking about it. Consider the angles: ?Ending is better than mending.? That was the theme of the best under-read book out there: Brave New World. It ?Ending better than mending? really a good societal value to teach? Next up: Cash for Trophy Wives. More debt in a society with too much debt. If you?re driving a clunker, you likely don?t have $15,000-$50,000 to throw down on a new car. You can get credit to purchase it, though. Assume more debt. Good idea? The Ponzi nature of our society. Our society really would be screwed ? at least in the short term ? if people stopped purchasing things. How can anyone say our economy is not similar to a Ponzi scheme? In a Ponzi scheme, you need new money to pay off existing money...continue to full post

Full post as published by Crime & Federalism on August 06, 2009 (boomark / email).