People store and assimilate information. Whenever we pass a bad driver on the road, we turn and look. We may not memorize the details, but we absorbe the information and add it to our model. In this case,a set of stereo types, which is part of our model of the world. Over time we recognize the most important aspects of our environment on a subconscious level, improving our driving ability and increasing our available range of perception.
Thursday, November 20, 2008
Induced Demand is the Whole Point of Infrastructure Investment
Tyler Cowen, "The real problem, of course, is the quality of our decisions on infrastructure."
Until people realize that Induced Demand is the whole point of infrastructure, not a symptom, it will just be pork.
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