Laissez Faire Fare and the San Diego Transit System

 Laissez Faire Fare and the San Diego Transit System

By Charles Novitsky

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  Politicians and regulators never cease trying to convince Americans that they can give us something for less than the free market would charge us. The San Diego trolley and the entire Metropolitan Transit System are one example of a government-subsidized system where riders pay only a fraction of the cost of operating the vehicles. As San Diego debates whether to build a fourth trolley line from downtown through Clairemont to University City, it is a good time to consider whether the MTS is the best way to provide public transportation.

  The MTS consists of several modes of public transportation, including light rail (i.e. trolleys), buses (including service for the disabled, called MTA Access), and railway freight services with (San Diego & Imperial Valley (SD&IV) Railroad and the Pacific Imperial Railroad (PIR)). San Diego MTS also regulates and receives licensing funds from taxicabs and car-service companies.

  Is there a better way for a city's public transportation needs to be met without cost to taxpayers? Could we encourage a transportation system that does not absorb public funds (i.e. taxes), generates many private jobs, and fosters small business and entrepreneurship? Yes we could.

Who wins and who loses from a minimum wage law?

Recently the San Diego City Council has been debating imposing a minimum wage law on workers and employers within the city limits.

Federator

 

Play The Federal Reserve Game (aka Monetary Theory)

Ladies and Gentlemen, step right up and play (online) The Federator Game! It's a cute Flash game, meant to illustrate the futility of Federal Reserve (in collaboration with the Treasury) trying to control our economy by manipulating our money. Although the game does not fully illustrate a great many of the economic offenses which assault our money (and therefore our economy), it is fun!

Link: http://projects.wsj.com/games/thefederator/

 

It should be understood that sound money is in fact a commodity, perhaps like bread. Economists like F.Hayek, Tom Woods, Jörg Guido Hülsmann (and many others) assert that controlling the value of money is akin to the distortions of controlling the price of bread--it will cause either a shortage of bread or the creation of too much bread. The theory that money can be controlled ( thru supply and interest rates) is called Monetary Theory. It is no more of a valid theory than medieval scientists who believed the Sun revolved around the earth. After all, empirically, one might be forgiven into misinterpreting that the sun does indeed circle our planet, once each day.

Monetary Theory was dreamt up by mistaken economists, and adopted by politicians. This condition is understandable, as inflation (rising of prices), favors debt created by governments, since they get extra value by paying future obligations with less valuable money. An even bigger incentive is Government Money Intervention allows Washington to create extra money to waste or play their political games with--sort of like the worthless fake money in the game Monopoly.

Preface by Charles Novitsky

 

On Education: a letter from one of our members to editor of a local newspaper.

( this letter is from one of our members John Rajcic to the to editor of a local newspaper on the topic of "education)

 

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