Our inability to predict policy outcomes was once again confirmed this week by the wildly popular Cash for Clunkers program. The program provides between $3,500 and $4,500 to anyone who trades in an older auto for a shiny new car that has better fuel efficiency. One billion dollars was originally allocated for the program, which [...]
Tag: economic crisis
Sachs at Haverford College on Global Economic Crisis
A slot machine turning up three lemons is how Jeffrey Sachs described the global economic crisis at Haverford College last week. “Three ‘uns’: It is unstable, unfair, and unsustainable,” he said. “It’s the life-and-death struggle of the poor, and the plight of the planet.” “You are the answers,” he told the audience. “This crisis is [...]
