Cash for Clunkers

Scrap ‘Cash for Clunkers’ scheme, not older cars

Australia should study the German "environment premium" example closely in the debate over the Prime Minister's "cash for clunkers" proposal. It was one of the most bizarre and wasteful programs ever to be implemented by any government. Instead of scrapping hundreds of thousands of perfectly functional cars for imaginary benefits, the Prime Minister would be better advised to scrap her lunatic proposal. [...]