Friedman's grasp of microeconomics

Reader comment on: Friedman on a Gas Tax

Submitted by Fred Van Bennekom (United States), Feb 24, 2011 07:16

Several years ago on the Charlie Rose show, Friedman proposed the $1/gallon tax. He intoned (in that Friedmanesque way), "Just think. Each of those dollars would be one less dollar we'd be paying those hostile regimes in the Middle East." (That's not an exact quote, but very true to his message.) Friedman's mastery of microeconomics and demand elasticity is clearly razor thin. A gas tax is also highly regressive.

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Other reader comments on this item

Title By Date
⇒ Friedman's grasp of microeconomics [69 words]Fred Van BennekomFeb 24, 2011 07:16
you are right [7 words]andyFeb 23, 2011 19:48
what is the real price of gasoline [142 words]scottFeb 23, 2011 16:52
Agreed [140 words]benFeb 23, 2011 10:48

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