Discovered via Greg Mankiw's blog, a nice piece on the political and economic reasons for a significant federal tax increase on gas: "What America Must Do: Step on the Gas." This, and not higher CAFE standards or pressure on automakers or pleas from bleeding hearts, will bring about the day when we no longer perform the absurd act of firing up our 4000-pound box of steel and belching CO2 into the atmosphere every time we need to pick up a quart of milk or drop off our dry cleaning.
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