Stupid Is As Stupid Does

As noted here, incentives really do work and people are changing behavior due to high gas prices. People are driving less now and starting to buy higher mileage cars. Over time, we’ll see more high mileage cars on the road. Of course, that won’t work for everyone. Some people need larger vehicles and other people just want them and can afford them. So why are CAFE standards changing? Won’t market forces cause higher mileage cars to dominate? Of course, but supporters of higher CAFE standards think that you’re too stupid to figure whether you should buy a car that costs less to run. And they have a point – the fact that we elect such geniuses says we probably are pretty stupid.

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