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Here’s a crazy suggestion, why not freely allow — but also tax — activities that harm other people? Well, that is the basic logic behind Pigovian taxes. With a Pigovian tax in place there is always an incentive to reduce [...]
Syndication for the sole purpose of sharing “inside” information with as many people as possible… Earlier today Greg Mankiw posted an email on his blog from “one of [his] many friends working for President Obama.” The email sheds some light on what happened this past week. I wouldn’t interpret it too literally as politics are obviously [...]