I am always amazed that supporters of such [mass] transit projects call light rail projects "sustainable". Forget for a minute that they seldom use less energy per passenger mile than driving. Think about all the resources that go into them. This at first seems like a hard problem -- how do we account for all the resources that go into transit vs. go into driving. But then we realize it is actually easy, because we have a simple tool for valuing resource inputs: price. Prices are a great miracle. They provide us with a sort of weighted average of the value and scarcity of the resources (both hard, like titanium, and soft, like labor and innovation) that go into a product. So if light rail costs 10x or more per passenger mile than driving, as it often does, this means that it uses ten times the value of resource inputs as driving. This is sustainable? I do not think that word means what you think it means.The mystery of the situation, of course, is why these people think that they are smarter than you and I. RTWT, which is actually much more brutal than I am towards Progressives.
Thursday, January 22, 2015
Quote of the Day: Why Progressives are idiots