• U.S. utilities are building dozens of new dirty coal-fired power plants without much regard for the environment consequences of all that added carbon dioxide. (AP)
• One of my favorite economists, Tyler Cowen, who co-writes the Marginal Revolution blog, has penned a great column saying the U.S. has “way too much free parking.” (NYT)
• With ever-expanding Internet use, more transatlantic fiber optic cables connecting the U.S. and Europe may have to be installed to keep up with demand. (LiveScience)
• South Sudan may be trying to transform some of their cities by making them shaped like animals. (AP)
• Parag Khanna has a good article on why a “new urban age” has started and why nation-states will be less important because of the power of cities. (FP)
• But Joel Kotkin says that suburbs are the answer to the world’s problems, not cities. (FP)
• India is planning on spending as much as a trillion dollars on infrastructure to help develop the country. (Bloomberg News)
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Wish we had a trillion to spend on infrastructure. But it’d A) never get past Congress and B) even if it did, half of it would be pork.
There is no free parking. The cost of parking is embedded in the cost of what you buy. You don’t get free parking at the mall any more than you get free air conditioning or free restroom use at the mall. Are you sure this guy is an economist?
Eric F. Says: There is no free parking. The cost of parking is embedded in the cost of what you buy. You don’t get free parking at the mall any more than you get free air conditioning or free restroom use at the mall. Are you sure this guy is an economist?
But you pay for the parking whether you used it or not. THAT is the problem.