Saturday, March 29, 2014

Build Moar Highways!

It has never been clear to me how borrowing money at a negative interest rate will ruin the nation's finances, but fear that it might has led to a shortage in the Highway Trust Fund, which is scheduled to run out of money in August. The solution to this problem, of course, is to build more highways.
Portland did a great job of building us out of congestion, until the 1980 and the last freeway built, I-205. [1]
Apparently this person has never heard of induced demand. This is particularly ironic, because I-205 is the canonical example of induced demand in the Portland metro area.

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