② Measure changes in property values. Build a new frontage road? Tax the increase in value to reflect the benefit. That connects investment with outcome, something our current funding system lacks.
② Measure changes in property values. Build a new frontage road? Tax the increase in value to reflect the benefit. That connects investment with outcome, something our current funding system lacks.
① Copy the railroads. Rail companies bought land near planned stations. If values rose, the project worked. If they didn’t, it failed. That was direct, financial feedback.
① Copy the railroads. Rail companies bought land near planned stations. If values rose, the project worked. If they didn’t, it failed. That was direct, financial feedback.
Did this project actually produce what we promised?
Did this project actually produce what we promised?
“In real-world situations where there is no competition… we could each go around acting in whatever way we wanted… and yet still end up with an embarrassment of riches… There is no need to learn from the past, or adapt.”
“In real-world situations where there is no competition… we could each go around acting in whatever way we wanted… and yet still end up with an embarrassment of riches… There is no need to learn from the past, or adapt.”