US Markets

DJIA8361.35chart-467.69
NASDAQ1439.43chart-96.14
S&P 500840.25chart-55.99
2008-12-01 15:17

Intl. Markets

FTSE4065.49chart-222.52
DAX4394.79chart-274.65
Nikkei8397.22chart-115.05
2008-12-01 11:46

Commodity Futures

Oil49.33chart-5.10
Gold774.80chart+0.00
Copper1.65chart+0.00
2008-12-01 14:47

Treasury Yield

13 Weeks0.01chart-0.01
5 Year1.73chart-0.21
10 Year2.73chart-0.23
2008-12-01 14:57

Exchange Rates

JPY93.31chart+0.00
EUR0.79chart+0.00
GBP0.67chart+0.00
2008-12-01 15:15

Just Another Gas Tax Suspension Nay Sayer

As many DumbAgent readers have probably been keeping in touch with recent Economic news, you are most likely familiar with the Clinton/McCain gas tax suspension proposal and, just as likely, aware that it makes very little economic sense to take away a tax that would temporarily increase demand, which in turn, would then raise prices back to the levels before the tax was removed. Only this time, the new prices would be to the detriment of highway infrastructure (since the extra benefit would go the oil companies).

But in case you were looking for coherent ways to defend yourself with your not-so-economically-inclined friends, we recommend a couple sites:

Utility:
1 I like Tariffs and Taxes2 I would rather watch TMZ.3 I wonder what Paris is doing.4 Well, this is rather irrelevant5 For the effort...6 Huh, really?7 Interesting... do go on.8 A new wrinkle for my brain9 I think a whole new lobe just appeared10 For the win! (5 votes, average: 8.2 out of 10)
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1 Comment(s)

  1. thanks for writing this, friend. it was well needed!

    doug | May 12, 2008 | Reply

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