Episode 273: Markets With Limits, Pt. 2
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Introduction
Johannes Houdjamboum got very obnoxious about this. Anytime we do something strange with the front matter, we hear from Johannes. What happened here is when Philadelphia imposed this tax, there was a significant decline in sales of sugary drinks. And that's the problem. People reacted to the government in effect telling them what to do by making the drinks more expensive.
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