Paul Krugman wrote an op-ed this morning how the US living and transportation patterns will not cope with high oil prices as well as European cities: Changing the geography of American metropolitan areas will be hard. For one thing, houses last a lot longer than cars. Long after today’s S.U.V.’s … [Read more...]
The Great Depression and America’s Addiction to Government Roads and Oil
One of my favorite new blogs, Rationalitate brought up a topic that I have spent much time thinking about, The Great Depression and Public Roads: In a time before the widespread adoption of income and sales taxes, property taxes made up the lion's share of local government revenues: two-thirds of … [Read more...]