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comment by b_b
b_b  ·  223 days ago  ·  link  ·    ·  parent  ·  post: Pubski: April 26, 2023

No, my argument is that executive fiat shouldn't be used to remake the huge sectors of the economy, and that being allowed to do so will be economically ruinous in the long run. The student loan debacle and now the beyond moronic EV mandates are both multi hundred billion dollar follies that Congress hasn't even rubber stamped let alone debated. I have no confusion on any of this--I have very carefully considered opinions that are based on learning and reason and a lifetime of trying to create products that help people, which is hard and requires tradeoffs. But basing opinions on Twitter soundbites is viable option too, I guess.

kleinbl00  ·  223 days ago  ·  link  ·  

I'm legitimately curious about your opinion on Cash for Clunkers.

b_b  ·  223 days ago  ·  link  ·  

I don't have a strong opinion either way, to be honest. I thought at the time that if you want to give a backdoor bailout to auto companies, then fine. It juiced some sales at a time when they were at historic lows. But positioning it as a climate action was laughably stupid, given that the most efficient car (in terms of life cycle) is one that already exists. There's no world in which a brand new Prius beats a 10-15 year old car of almost any fuel efficiency on total carbon footprint. But the total appropriation was small and it was duly enacted by Congress, so I didn't find it offensive to anything but my sense of science. I think it's impact was minimal, it helped some people get a new car, and probably bought some goodwill from people who took advantage of it. So sure, whatever. It's been 14 years though, so my memory of all the details has faded somewhat, I'm sure.