Reposted from my colleague, Steve Allen's blog.
Cash for clunkers was a dud.
That is unless you were one of the folks who actually traded in a clunker. In that case you got a nice chunk of cash off a car you were probably going to buy anyway.
From the U.S. tax payers: You're welcome.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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