Aug 5, 2009


Vuelvo a repetir, las personas actúan racionalmente según los incentivos.

Las distorsiones al mercado, como el programa “cash for clunkers”, logran que los norteamericanos tengan comportamientos de argentinos:

Let’s face it: After 17 years and 232,522 miles of faithful service, my Jeep’s best days were long past. Time for some new wheels — but money’s a bit tight these days, for me as for so many others.

But, as good fortune would have it, not for the federal government: They’re willing to pay me $4,500 — $4,500! — to turn that clunker in for a new car satisfying the combined demands of political correctitude and the auto-dealer lobby. Alas, the rules specify that the big, powerful, safe truck that I want does not qualify.

And so I asked the question on the minds of millions of my fellow concerned citizens: How can I get my snout into this trough? Easy: I buy a small car qualifying for the $4,500, and keep it for a few months until the cash-for-clunkers boondoggle has run its course. At that point, the supply of used cars will have shrunk and their prices driven up; I will sell the almost-new small car for what I paid for it ($12,629 last Saturday) or more, at worst having driven it for free, and then buy the truck I covet.

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