Mankiw On the GSF's Response to Gas Prices
As always, great stuff.
Point #1 was something I was going to post on yesterday but blew it off. Mankiw is right, at least as far as Donny Baseball is concerned. Higher gas prices are making me drive less. I am walking or biking into town or substituting activities that require driving with activities that don't. If I get a $100 check from the government to offset high gas prices, I'd probably buy my wife some shoes or something.
Point #1 was something I was going to post on yesterday but blew it off. Mankiw is right, at least as far as Donny Baseball is concerned. Higher gas prices are making me drive less. I am walking or biking into town or substituting activities that require driving with activities that don't. If I get a $100 check from the government to offset high gas prices, I'd probably buy my wife some shoes or something.
posted by Donny Baseball at 11:22 AM
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