Gee, why the sudden shortage of used cars?by Jeffrey Tucker, Mises Economics Blog
May. 09, 2011
1.Trump: Muslim Migration "Destroying Europe, I'm Not Gonna Let That Happen to The U.S."
2.Trump Trolls Paul Ryan For Saying He's "Not Ready" to Endorse
3.Rob Reiner Embarks On "Trump & His Supporters are Racist" National TV Tour
4.Evil Sexist Chris Matthews Caught Checking Out Melania Trump On Hot Mic
5.Swedish Girl Shows Idiocy of Trans-Everythingism
6.'Islam Does Not Belong in Germany': 60% Agree With AfD
7.Trump Tells Fox: "Get Your Money Ready Because You're Going to Pay For The Wall"
8.Guccifer Says 'It Was Easy' to Hack Into Hillary's Email Server
The WSJ reports that used car prices are soaring. “The price of used cars is just crazy right now,” said Adam Lee, chairman of Maine dealer Lee Auto Malls. His dealership is paying hefty sums for cars it normally might not purchase to have a full inventory. “It can be a piece of junk--cars we used to pay $2,000 or $2,500 for, we are now paying $5,200 to $5,500,” Mr. Lee said.
The WSJ story meanders around for a cause but never mentions Cash for Clunkers, the most cockamamie scheme for deliberate destruction in our time. Some 600,000 cars were destroyed after being bought by the government, for a total per taxpayer expenditure of $24,000 each. Then we wonder why used car prices soar!