causal

Price Before Investing: The Orange Analogy

Before deciding whether to invest more in any facility, you must first ask whether it is properly priced; like underpriced oranges that perpetually run out, underpriced roads (no congestion charge, inefficient truck damage charges) fill to capacity and wear out faster, generating a false demand for more spending—so getting prices right would clear the market and reveal the supposed infrastructure crisis to be a pricing crisis.

causalpending

Speaker

Cliff Winston

Evidence Quote

Roads have an artificially low price. Cars are not charged for congestion, so they put pressure on peak capacity.

Source

Cliff Winston on TransportationEconTalk
Created: 6/13/2026, 12:09:54 AM

My Notes

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