Tag Archives: economics

A Gas Tax to Stabilize Gasoline Prices

People generally don’t like taxes, and taxes on gasoline are no exception.  The rates on gasoline taxes are generally hidden from obvious view: people buying gas for their vehicles only see the price at the pump, which is a function … Continue reading

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Why GDP (Gross Domestic Product) is a Poor Measure of Wealth and Prosperity

The Gross Domestic Product (GDP) is a measure of economic activity for a country as a whole.  GDP, and related figures like per capita GDP or inflation-adjusted GDP, are frequently referenced in economics and news sources, especially in the context … Continue reading

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