Economics

by Mike Masnick


Filed Under:
economics, free parking



Is Free Parking Costing Us Billions?

from the it-takes-733-pages-to-discuss? dept

Always interesting economist Tyler Cowen has a story in the NY Times discussing the "cost" of free parking. It's based on the book The High Cost of Free Parking, which spent an astounding 733 pages to delve into the subject. The book suggests that "free parking" cost people in the US at least $127 billion in 2002. I haven't read the book -- and at that page length I'm sure there's a detailed discussion on nearly every challenge -- but I do wonder if it takes into account the benefits to local businesses of free parking. The easier it is to park, the more likely people are to go to those businesses. I'm guessing that the response is that if this does make sense, it should be a per-business decision, rather than a government-mandated one, which is the main complaint. This isn't a subject I've thought much about, frankly, but I found Cowen's discussion of it interesting, and thought people around here might have some... enlightening comments on the subject.

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  1. identicon
    Anonymous Coward, 17 Aug 2010 @ 2:04am

    http://edition.cnn.com/2010/TECH/social.media/08/17/india.traffic.facebook/index.html?hpt=C2

    I think government could spend less and ask for the population to help like the project of traffic in India.

    Governments are expending too much and don't want to have to deal with the consequences of doing something which is reigning in public expending, creatively Brazil has done this already, they had a trigger that made the government create a new currency every time it got to big, they even managed to wipe out all internal debt at times only manipulating the books, but still needed to have a astere expending policy in place maybe there are some lessons to be learned from the third world.

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