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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20220310 03:50:00

gallon then, so you could maybe drive 60 miles a week. all of those restrictions were accepted by americans as the price of war. and that is the way that most americans feel now. a new poll shows that 71% of americans are willing to pay more for gasoline to play their part in resisting putin s war. our next guest points out that even though the price of gasoline has increased, many of you are still paying less of your income to drive your car than you have in the past. joining us now is lawrence summers, who served as treasury secretary under president clinton, and professor emeritus of economics at harvard. thank you for joining us, professor. there are so many points to consider in the economics of gas prices today, including rising incomes, increased gas mileage, not to mention electric cars, where they are paying zero for gasoline.

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