Friday, August 20, 2010

The infernal car culture

No wonder we've got so many cars in our society - witness the annual subsidy of American parking.

Story here.

Yet 99 percent of all automobile trips in the United States end in a free parking space, rather than a parking space with a market price. In his book, Professor Shoup estimated that the value of the free-parking subsidy to cars was at least $127 billion in 2002, and possibly much more.

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