The case for a gas tax increase

Yes, it's politically toxic — but it makes more sense than a gas tax holiday

The inaugural Slow Boring book club meets tomorrow! Join us at 8:30 p.m. Eastern on July 7 for a discussion with Princeton professor Leah Boustan about her new book Streets of Gold. Buy the book here, and sign up for the discussion here. This event is for paid subscribers.

Last week, Joe Biden got a good question about high energy prices and the war in Ukraine: how long does he expect the American people to make this sacrifice? The answer, though noble, is probably not what people want to hear.