Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
The Hidden Economy of Government Surplus Auctions
When the US government wants to get rid of surplus property — old office furniture, decommissioned vehicles, seized assets — it doesn't just throw them away. It runs a massive, little-known auction system managed by the General Services Administration. In this episode, Lucas and Luna dig into the economics of government surplus auctions: how the GSA sells everything from used sedans to military-grade equipment, why the auction format sometimes raises more money than expected, and what happens when the government underprices its own goods. They walk through the specific case of the…
The skinny
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