Recent Streetsblog USA posts about Economics

A Last Word on ‘Cash for Clunkers’

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One thing the government’s CARS program — a.k.a. "cash for clunkers" — has clearly stimulated is commentary. For a policy involving a shade under $3 billion in federal spending, it has enjoyed no shortage of media coverage. (Photo: Newsday) In part this is because the program looks like a big success, and certainly congressional leaders […]

The Washington Post Features Rail Hack Job

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This is the big problem with Ed Glaeser’s New York Times posts purporting to analyze the costs and benefits of a high speed rail system. Despite Glaeser’s acknowledgment that his "back-of-the-envelope calculation" doesn’t "[represent] a complete evaluation of any actual proposed route," the posts are sure to be read and regurgitated by rail opponents uninterested […]

Glaeser Goes Out With a Whimper

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For those just tuning in, economist Ed Glaeser has been writing a four-part series on the potential costs and benefits of high-speed rail at the New York Times‘ Economix blog. He began three weeks ago with an introduction. The following week he addressed direct costs and benefits from a hypothetical line, and last week he […]

The Times’ Thickheaded Train Tag Team

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The New York Times has now turned loose writers at two of its economics blogs to make weak arguments against the construction of high-speed rail lines. Eric Morris of UCLA’s Institute of Transportation Studies (Photo: ericandrewmorris.com) I have been following Ed Glaeser’s attempt to do a back-of-the-envelope assessment of the costs and benefits of a […]

GOP-ers and Dems Agree: Feds Need to Get Their Transpo Act Together

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Reports on federal transportation policy — like campaign fundraisers and lobbying groups — seem to proliferate in Washington, most of them drawing a few days’ worth of news coverage before fading from memory. (Remember the National Surface Transportation Infrastructure Financing Commission and the National Surface Transportation Policy and Revenue Commission?) Former Sen. Slade Gorton (R-WA), […]