When I first heard of this, I thought someone misspelled “Clunkers”… then I read on and realized this is another CfC-named program the government is putting on. I am sure you remember Cash for Clunkers, the $3 billion transfer program that destroyed wealth, right? Well, here is a new one- Cash for Caulkers, a “stimulus” program that plans to retrofit energy inefficient houses to make them more energy efficient, while providing jobs at the same time.
Read some of the details. I do not think this program is in effect yet, but since the president held his jobs summit today, I think this will likely come along soon. I found this by looking for something to write about for my last Austrian economics paper. I think my last paper is going to be an Austrian critique of this.