Mike Magee We live in a world of false narratives – where words lose their meaning – and therefore their predictive value. Appeals to be open-minded compete with requests for vigilance. One would like to believe that sanity will prevail, but if that were routinely true, we would not need checks and balances. In America, […]
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Pigouvian Tax vs. Norquistian Anarchy
Mike Magee Like many Americans, I’ve been following the tax debate. We seem to have moved from “no new taxes” to “what new taxes”. The New Yorker this week came out in favor of Pigouvian taxes.(1) Say what? Back in 1920, a British economist named Arthur Pugou, wrote a book called “The Economics of Welfare”, […]
