government intervention

This morning on Meet the Press, Erin Burnett brought up an argument about the cash for clunkers program - an argument that opponants of the program have not effectively made to this point.

Most people who argue against cash for clunkers have made general points about the absurdity of the government paying consumers for junk cars, the inherent unfairness of subsidizing new car purchases for often middle and upper middle class citizens, and of course the wasteful nature of the program.

But there is a larger point that is much more important.