Friday, July 31, 2009

Blast from the Past: Princeton Economist Alan Blinder the Mind Behind "Cash-for-Clunkers"

Ever wondered whose idea the Car Allowance Rebate System--aka "Cash-for-Clunkers" was?

Cash-for-Clunkers was proposed by Princeton economist Alan S. Blinder.

You can read his initial "humble suggestion," as it appeared in the New York Times almost precisely one year ago.

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