I was randomly surfing the internet when I happened across this little gem ¹. I read it and immediately thought of something that Mankiw² has been espousing for quite a few years, pigovian taxes ³.

From the arm of my chair I commented on the article:

“One of the first, and definitely not the last example of a pigovian tax. Essentially, an attempt to offset the cost of goods that have negative externalities – with taxes. Unfortunately, this one was poorly marketed but that doesn’t mean it’s any less necessary.”

Continue Reading »