3 ms·
Building a bridge without tolls is more efficient than one with tolls. That’s one case where governments beat private enterprises.
by Retric 3y ago
Building a bridge without tolls is more efficient than one with tolls. That’s one case where governments beat private enterprises.
- smitty1e 3y agohttps://en.wikipedia.org/wiki/E-ZPass https://en.wikipedia.org/wiki/E-ZPass By which I mean: confuse not implementation with principle.
- Retric 3y agoFees discourage use when the costs are almost independent of use. E-ZPass also requires you to build and maintain infrastructure, do customer service, and enforce people who skip it etc. A bridge without that overheard is unquestionably more efficient.
- smitty1e 3y agoGovernance is always a brake pedal, not an accelerator. Friction stabilizes a system--at no point am I advocating anarchy--at the cost of gain. When engineering, never lose sight of the trade-offs.