Another great example of how the idea of market failure as taught in econ falls short.
Every 101 student knows heavier vehicles have negative externalities that should be taxed
That's where the homework ends, but govts actually do the opposite!
maximum-progress.com/p/dont-endorse
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It's about the incentives of working, creating jobs. Those trucks usually are destined for that.
It's lowering taxes. Almost always for it.
Tesla model X weight : 2500kg
F150: 1,824 to 2,274 kg
Cybertruck: 3130kg
#Semiconductors plunged last week, but more members of the S&P 500 rose than fell. It could be a sign that a long awaited shift has begun as investors look for rate cuts by the #FederalReserve. #StockMarket $CRWD $AMD
I'm with MTabarrok on this. When will govts actually start doing their econ homework?
Bush and 9-11 era shenanigans to keep on buying bigger and carry on (incur more debt) as nothing happened.
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Low-hanging fruit to reduce housing costs for Americans:
Stop imposing tariffs on raw materials from our closest allies.
When every high-level military guy who worked for Trump publicly denounces him, it's a strong signal that you should not support Trump.
In the Middle Ages, some Christians would flagellate themselves in public to show off how devout they were.
In completely unrelated news there’s this headline from The NY Times yesterday…..