Tuesday, January 22, 2008
To Pigou or not to Pigou
One of my favorite economist, Greg Mankiw, created a club called the Pigou club. This is a club of people who support a $1 tax increase on a gallon of gas. Several other well known economist have joined (Alan Greenspan), also several well known idiots (Paul Krugman and Al Gore). A few other Economist are starting a no pigou club. One of the economist is Milton Friedman's son. I'm still a little torn on this, but I might find myself siding with Paul Krugman...that is scary.
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