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Platypus Economics with Justin Wolfers

@platypuseconomics

Politicians love visible gestures. Economists ask the annoying follow-up: does it work? ⁣ ⁣ On gas tax holidays, the answer was basically no then, and no now.

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Extremely serious economic analysis for your Friday.

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The problem with a gas tax holiday? Lower gas prices encourage more driving.⁣ ⁣ If the goal is relief, send checks based on last year's gas spending instead. Similar help for households, without increasing demand.

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J.🍃

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