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Agustin Lebron
@alebron
Useful blog post on the economic limitations of HSR. https://caseyhandmer.wordpress.com/2022/10/11/why-high-speed-rail-hasnt-caught-on/
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Agustin Lebron
@alebron
That sounds right to me. Many transparently useful things *appear* non-economic only because the boundary drawn around them is too small. "Tragedy of the commons" happens when you underconsider negative externalities. "This infra won't pay for itself" happens when you underconsider positive externalities.
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