Friday, 13 March 2009

Department of Good Ideas

Want to stimulate the economy by spending government money? Also concerned that the automobile industry is moribund, and trying to ward off bankrupcy for some of the country's major employers? Meanwhile, are you hoping to find ways of encouraging people to invest in more environmentally friendly items, including cars?

Why not Cash for Clunkers? I like it. Turns out this policy has increased new car sales in Germany by 21% (!) this year - with the simple mechanism of giving people government cash for trading in their old, inefficient cars with newer more energy-efficient models.

Let's hope the UK and the US will latch onto this clever plan.