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Hank expects better of you and is shd-ing right now. |
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Best story ever: Charles Koch tells Hayek how to get government benefits.
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But right now, living in the near burbs, the place we most have to drive are parents homes in the exurbs, and that congestion, sometimes fierce on one particular stretch, will be greatly alleviated. I think your congestion tax is heavier on folks who can't drive two miles in less than ten minutes. Yes, they can always walk. |
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Yeah, a few people can live within walking distance of down town. But you're suggesting they don't suffer from congestion? Are you orthodox and is every day Shabbat? I don't doubt we all suffer from congestion now and then, but the notion of the idyllic congestion free city dweller doesn't quite jive with my experience. Is this because you never go anywhere but work, and otherwise just sit home, order take out, and masturbate? |
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And when I drive, it isn't rush hour. Yes, congestion still happens, but not in the way it happens regularly for people who commute to and from work on normal schedules. In fact, I got rather stuck in rush hour traffic yesterday having fled the office early and gone out to look at some cars. |
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Do you think all exurbs are wealthy or something? ETA: I also find it really hard to believe that you and your wife drive to your parents' homes more than the two of you drive to work. |
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I suspect those in the country do log more miles total driving, though am still not sure the total expense of a car in the country exceeds that of a car in the city, and, as you point out, there are lots of other nifty expenses in the city. If your "congestion tax" just means cost of driving, well, ok, great, lovely, probably still wrong, but I understand it. |
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For me, the cost of the time totally dwarfs the cost of the car. |
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Not everyone's life is downtown; you'll understand that if you grow up some time. |
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I'm sure cities are more expensive. That's the point. People are willing to pay more to live there. I'm saying that will grow more true over the next many years -- in the aggregate, people will pay even more to live in a city relative to the burbs. If you're an exception to that rule, you win, I suppose, because you'll be able to buy what you want for less, relatively. But given the choice between investing in urban residential real estate and suburban residential real estate right now, as categories, I'd put my money in cities. eta: Me, I live in a big suburb, and would love to live somewhere denser. |
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Maybe you should try telling little GGG to pedal his own ass to soccer practice while you and the missus hoof it to the Slurp 'n Burp for a beer and burger. If it's only you who commutes, that obviously changes the balance a lot, but having grown up in the suburbs, I find it really hard to believe that you drive 30-40 minutes or more a day in addition to commuting. Do you like to shop on the other side of town or something? But again, this works for you. That's great. I don't think it works for most people, who spend the bulk of their driving time going to and from work and whose trips to stores, restaurants, entertainment and kids sporting events are made longer by moving farther out. You'd know this if you knew where my family lives. |
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Hey, look: It's a free lunch.
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Would be curious to hear club or Hank respond to the substance (as opposed to the politics) of this. |
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If you're in a position to live where there is lots of land and little work, it won't cost you very much. |
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And then the stores, restaurants, and entertainment all suck. |
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Or you can be independently wealthy and live in a rural college town where everyone else has your taste. More than one way to skin a cat. |
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This seems to be getting away from what was meant by the "congestion tax" to "I like cities or rural areas better". I hope most people like cities better. |
Messiness
For Hank, I think the news that we have successfully assassinated an American citizen based, so far as the public knows, only on his political speech is beyond troubling.
Maybe now that he is dead we will learn more about his role and this will become less troubling, but I haven't seen much yet. The Times quotes a "senior administration official" as saying they were "looking into" his operational involvement, which is pretty weak sauce. Rep. Peter King says he was more important operationally than OBL, but I think he has absolutely zero credibility. |
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The position of both administrations seem to be that we are at war in some circumstances but not others, and I'm criticizing both for that inconsistency. Why must you try to force everything into a Obama good/Bush bad dichotomy? |
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"In sum, on the benefits side of the equation: more jobs now, $500 billion of additional consumption of goods and services over the next two years, and then a $40 billion a year flow of higher incomes and production each year thereafter." Sounds intentionally vague to me. Once the infrastructure is built, the gains from it will fade. It is a one shot deal - not unlike our original stimulus. We're not going to see that $40bil year in year out indefinitely, which is why Summers avoids offering any projection on its sunset (NPI). Sounds like he's advocating paying $200 billion over thirty years to knock a point off the unemployment rate. That's not a bad idea. But it's not a game changer, or anywhere near the fix we need, either. If his logic holds, why not a borrow a trillion and knock the rate back to 5%? Oh, that's right... We did that once already, and the positive effects were, predictably, temporary. You realize Summers accidentally points out the problem with stimulus with this idea. It admits that artificially-created consumption can only provide a temporary solution because, by its necessarily temporary nature, the multiplier effects left in its wake tend to also be temporary. ...Which brings us back to Cowen, and the crux of the issue at hand: Where's the new private sector advance to bring us out of this mess for real? That's the only question that matters. |
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eta: You've cut the two prior paragraphs, where Delong explains where the $40 billion comes from: Quote:
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