This Way or the Highway?
Followers of this blog (see especially my 2017 Unicorn Cult post) and innocent bystanders to my various rantings will know that I am more than a little dubious about the powers of markets to solve problems in the real world. I was therefore surprised by my own reaction to journalist Kara Miller's conversation with urban-planning professor Michael Manville, in which he offers a market-based approach to the pernicious problem of traffic. Related links are on the Innovation Hub's blog post for this story. The conversation begins with laments about traffic from person-on-the-street interviews in Chicago and Atlanta -- two cities in which I have spent hours stuck in their legendary traffic jams and in which it was easy to find ordinary people with extraordinarily strong feelings on the subject. Their discussion includes cogent description of the environmental, health, and economic costs of congestion. It then turns to things that have been tried -- adding capacity, improving publ