Look, I'm still not the kind of priest to say things like "they're putting demons in the robots," but the chainsaw-wielding black drones with eyeball horns are making it harder to argue my case
The Cash for Clunkers program, which Congress passed in June 2009 and burned through its $3 billion budget in under two months, destroyed functional wealth on a national scale, and somehow they called it "stimulus."
The mechanics were simple: trade in a working car, receive up to $4,500 toward a new one, and watch government employees pour sodium silicate into the old engine to make it seize permanently. Around 700,000 vehicles got crushed. These were not rusted-out death traps. The eligibility rules required the trade-in to be drivable and insured. You were watching the state systematically annihilate usable capital because Keynesian demand theory told it that destruction generates recovery. Frederic Bastiat explained why this is wrong in 1850, in an essay short enough to read on your lunch break. Congress ignored it.
The ripple effect hit people the government never mentioned in its press releases. Mechanics lost repair work. Used-car dealers watched their inventory evaporate. Low-income buyers who depend on the sub-$5,000 market faced prices that jumped roughly 10% in the years after the program. Free market economists call this "seen versus unseen." Politicians only showed you the gleaming new Chevy Malibu driving off the lot. They never showed you the single mother in Akron who needed a $3,000 Corolla and found nothing affordable left on the lot.
Even the environmental justification collapsed under basic scrutiny. A 2009 study by Resources for the Future calculated that the program cost between $237 and $365 per ton of carbon dioxide reduced. The voluntary carbon credit market at the time priced a ton around $10 to $20. The government spent up to thirty times the market rate to achieve an environmental outcome the market was already pricing far more efficiently.
This is what central planning always does. It takes your money, destroys real assets, and transfers wealth from the poor to auto manufacturers and their financiers. The program's designers received awards. The Akron mother paid higher prices. The engines sat crushed in junkyards. Nobody in Washington answered for any of it.
Been brushing up on the discourse and I’ve decided that every single person is richer than me is a greedy bastard and every single person poorer than me is a loser. I and only I have the exact right amount of money.
if bezos handed a billion dollars to nyc public schools tomorrow literally nothing would change and everyone knows it, bc the problem isn’t lack of funds it’s shitty government. but these people don’t care bc they don’t care about kids. they just hate you and want your things.