Peter Klein | Friday August 7, 2009 at 6:26 AM PDT
My old friend John Chapman channels Bastiat in a new op-ed: A lesson from the parable is that government spending cannot create wealth; it can at best redistribute it, often accompanied by waste. The clunkers program certainly helps auto manufacturers, sellers and participating buyers, today; this is what’s seen. But it hurts used-car buyers,…
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