Cash for Clunkers results in higher used car prices:
http://blog.mises.org/archives/011056.asp
Who could have predicted that artificially limiting supply would lead to higher prices? Well, anyone who's ever scalped tickets or Tickle-Me-Elmos, for starters.
Keep in mind the price increases were masked by a major recession and greatly reduced consumer lending. The increases would be even higher if people could get either jobs or credit.
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