Thursday, November 29, 2012
Deceived in Dallas, Hoodwinked in Houston and Ambushed in Atlanta
In this new 8 minute YouTube video, I talk through one of the most important insights in modern transportation economics. John Kain and Don Pickrell and Peter Gordon consistently pointed out the bad incentives that urban politicians face for "just saying no" to irreversible, highly costly infrastructure projects. For those who wonder what is the source of my ideas, let me tell you a secret. Listen to this 2005 live Cream concert and your mind will just flow.