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Last summer's Cash for Clunkers program artificially boosted used car prices by requiring destruction of the clunkers, thereby restricting the supply of used cars.Government intervention in the marketplace is bad, m'kay?
That was bad enough for people looking to buy used cars.
But the market distortion caused by government intervention is hitting Rhode Islanders particularly hard.
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Posted by Kromey at 1:52pm Jul 6 '10