Prometheus 6

It’s naïve to think that the oil companies have forgotten the ’70s. They know there’s a decent chance that economic populism will return. In fact, it already has: Senator Clinton’s full proposal is to combine her tax holiday with a ’70s-style windfall profits tax.

In this light, that oil companies might pocket most of the tax cut could easily be a good thing. It helps cancel out the negative legacy of the last energy crisis: public hysteria will occasionally work in your favor. 

The 18-Cent Solution
By BRYAN CAPLAN

Fairfax, Va.

BOTH Hillary Clinton and John McCain say that we should suspend the 18-cent-per-gallon federal gas tax this summer. After her beating at the polls Tuesday, there may not be much reason left to worry about what Senator Clinton thinks, but the McCain proposal is alive and well.