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Archive for April 24th, 2008

One of the rare economic issues in which I support Obama’s stance. A gas tax-holiday, at this stage, is little more than a populist gimmick. It is bad fiscal policy, bad energy policy, bad environmental policy and – as previous experience shows — will do little to provide consumer relief.

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Virginia Postrel writes in the dynamist blog:
It’s infuriating how all three presidential candidates prattle on about the need to fight global warming while also complaining about the high price of gasoline. The candidates treat CO2 emissions as a social issue like gay marriage, with no economic ramifications. In the real world, barring a massive buildup of [...]

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This has gotta be one of the most bizarre things I’ve read in a while.
(Link via India Uncut)

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