Re: Friedman on Gasoline Taxes
I think the point being made (correct me if I'm wrong) is that since CAFE did exclude trucks, they were made bigger and more guzzly, and since it included only cars, those were made smaller and less appealing, driving car owners to buy the SUV's.
No CAFE, cars stay midsized, people keep buying those satisfactorily instead of SUV's.
I'd like to see them include all passenger vehicles included in CAFE. I'm fairly impressed with the early reviews of the toyota highlander hybrid...the local news dude got one with an electric boosted v6 for a week and averaged 34MPG...so its doable...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.