Sunday, May 19, 2013

On deregulating traffic lights and privatizing the roads

Austrian School economist Walter Block is probably the leading proponent of privitzing the road and highway system in the US.  Now before you completely dismiss the idea, keep in mind that this is a highly intelligent scholar who has spent years studying this topic.  It's almost certain that you won't be able to come up with an objection he hasn't written about and addressed in his works.  But before I get to the links for Block in this post, you should click here and watch a video on a related topic: improving traffic flow by removing traffic lights.  It's a minor form of privatization and it works terrifically well.

Ok, now for two links concerning Block himself.  The first is an article published by the Mises Institute and is, actually, the introduction to Block's major work in this area.  I've read this book and can attest to its thoroughness and provocativeness.  And if you're clamoring for more, watch Block give a presentation on this topic here.