Cash for Clunkers Is Back!

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The incoming administration is embracing some of California’s most pioneering initiatives, such as programs for rapidly decarbonizing the electricity grid and tuition-free college, as well as more obscure, incremental policies. Also on the new White House agenda will be measures to ban mandatory arbitration clauses in employee contracts and a revival of a “Cash for Clunkers” program aimed at providing incentives to get polluting cars off the road — signature California policies.
Cash for Clunkers! My favorite stimulus program of all time. Sure, I agree with the experts who say that it’s not all that great purely as stimulus, but as a way of making stimulus popular it couldn’t be beat. More like this, please.

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