Friday, October 20, 2006

The Pigou Club

I’m not sure if Greg Mankiw has made Robert Samuelson a member of the Pigou club (a club that calls for taxes on gas and other carbons to correct for all the negative externalities that these fuels cause), but I think Samuelson’s latest article allows him proper distinction to be in the club.

I’d like to think of myself in the club, but I highly doubt that “Yes, I agree” warrants enough qualification to be part of Mankiw’s list. Although, I would like to imagine that if they all got together, they’d let me in the party. The only problem is that for everyone in the group to get together, we’d use a lot of fuel.
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