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March 4, 2008

The WoW Club

In October of 2006, Gregory Mankiw wrote a column entitled The Pigou Club Manifesto. For those not familiar with the work of economist Arthur Pigou (1877-1959), Pigou is known (among other things) for advocating what has become known as a Pigovian tax.  This is described at Investopedia as follows: A …