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 @ 1:54am

    This is a reminder:

    "This isn't a subject I've thought much about..."

    That your friendly neighborhood troll will be along shortly to attack you based on that line. Please don't make it easier for him to make stupid troll remarks by saying things like this (which didn't need saying), and for the love of sanity please don't respond to him anymore.

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