Tuesday, May 13, 2008


Another ivory tower egghead economist who just doesn't care 'bout regular folk. This time its Steve Levitt:

I believe consumers systematically exaggerate the importance of gas prices to their budgets. The typical American just doesn’t spend that much money on gas.


(Actually the column's really about Chrysler's $2.99 gas promotion --which Levitt finds clever...call me skeptical having formerly owned a Chrysler).

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