Thursday, April 28, 2005

Hot air

The Weekly Standard has a fabulous piece on why gas taxes don't lower consumption, starve Mid-East oilmen, or help the environment.

http://www.weeklystandard.com/Content/Public/Articles/000/000/005/543ghkfr.asp?pg=1

3 comments:

Allen said...

Rothbard on a Gas Tax

http://www.mises.org/Econsense/ch59.asp

Clara said...

Interesting indeed -- but it seemed like Rothbard ducked the issue of foreign-oil dependence. He said, "What's wrong with free trade and the division of labor?" Non sequitur, if you ask me. We aren't buying oil from the Saudis because they're the most efficient producers.

Allen said...

In Rothbard's ideal anarcho-capitalist world there is no more a problem with oil dependence than there is with say food dependence. Since we don't live in an anarcho-capitalist society, I would say oil dependence is a bit of a problem...

Free trade leads to the division of labor among countries (at least thats how I took it).

Of course we're not buying oil from the Saudis because they're the most efficient producers; that is a by-product of the lack of free trade.