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Wednesday, April 11, 2012

Where Economists Agree

According to Megan McArdle, for the Atlantic, "there have been several issues where this ideologically diverse group of economists have shown resounding unanimity. "

1. NAFTA, on the margin, is good.
2. Gas prices aren't affected by government policies.
3. The stimulus and bailouts lowered unemployment.
4. The Gold Standard is not a good idea.

and also: rent control is bad, congestion pricing is good, eliminating tax deductions and lowering rates is efficient, and the tax deductibility of healthcare creates consequential distortions.

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