Monday, January 4, 2010



LONG LIVE PIGOU!

The first time I went to the grocery store the woman behind the counter asked me if I wanted a bag to put my stuff in. I was bewildered as I had purchased alot of groceries. It turns out the state of Virginia charges 5 cents per bag! To read more about Pigovian Taxes go here:

http://en.wikipedia.org/wiki/Pigovian_tax

Mike

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