Why we need more economics education...
2013-04-26 18:23:47.501801+02 by Dan Lyke 0 comments
Elon Musk spends $50k to help 405 Freeway widening along:
Transportation officials say the project is now slated to take at least a year longer than first anticipated and cost about $100 million more than the originally budgeted $1 billion.
And if it's easier to get from Bel-Air to Hawthorne, more people will do it, and... helloooo, induced demand.
But it's nice that he can get somewhere between a 2,000x to 22,000x return in tax dollars spent on temporary commute relief for his $50k.