Tuesday, March 04, 2008

Importing Cars in Mexico

The writers at the Onion couldn't invent a story this odd... well, maybe they could, since they are quite good at what they do. See the AP story "Mexico Abruptly Restricts Car Imports". Basically, Mexico is now only allowing car imports from a single year, 1998. All market interference by governments distort the market, but this is serious arbitrariness and micromanagement. If you live in a border state and have been sitting on a lot of 1998 model cars, you are in luck.

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