Secondary Environmental Impact of "Cash For Clunkers"

The main, primary effect of C4C is positive, but since the traded-in cars are scrapped, not sold in developing countries (for even higher-emission vehicles) is the environment help trumped (somewhat) by restricting trade in the used car market (by requiring the vehicles to be scrapped?

Best "Moment of Zen" Ever

This is from a ways back, but when it came up as a suggestion after watching clips from last night, I was reminded of its comedic beauty.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Moment of Zen - Coulter Sells More Books
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorSpinal Tap Performance

Perfect Information: The Movie!

"The Economics of Groundhog Day" (proposed alternate title: why perfect competition doesn't generally exist). Infer what you want about current-day debates.

Sunday, August 16, 2009

Question about the housing bubble/financial crisis.

If the housing bubble and financial crisis can be attributed to a small incentive to give a small percentage of home loans to poor borrowers in the US, why did UK and Germany have bubbles and crashes, too, and why did UBS and RBS have their own subprime crises? I mean it seems like an obvious way to debunk the "deregulation and 'innovation' were great it was the liberals' fault for trying to help poor people."