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Monday, November 06, 2006

Pigou or what?

David Masten writes No to Pigou!

He notes many real problems with Pigouvian taxes. Like the NoPigou Club he fails to address the real and far worse alternatives to Pigouvian taxes: regulatory and prohibitionist approaches to externalities and taxation of productive labor and capital.

Do Masten, NoPigou, and other critics of Pigouvian taxes really think energy central planning and income and payroll taxes are preferable to carbon taxes?

p.s. Posner has joined the club.

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