Understanding commodity taxes
Religion & Liberty Online

Understanding commodity taxes

Note: This is the tenth post in a weekly video series on basic microeconomics.

In this video Tyler Cowen covers commodity taxes, including who pays the tax and lost gains from trade, also called deadweight loss. He also considers how the tax wedge would apply to the example of Social Security taxes.

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series: How elasticity affects human trafficking

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).