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June 28, 2006
Uncertainty hurts, that's for sure
Investing is tricky enough without politicians throwing in another X factor.
Robert Higgs explains how regime uncertainty exacerbated the Great Depression and, in a recent SF Chronicle piece, Bob Poole points out how it’s now having the same impact on traffic congestion:
- Instead of following Utah and other states that enacted legislation to attract private investors, the California measure allows only four pilot projects and requires legislative approval for each project.
Florida tried that approach. It passed a public-private partnership law in 1991, but for 13 years, not a single project got done. Why? The risk was too great. Would you have team of engineers and finance people spend months and tens of millions of dollars preparing a highway design and working out the finances, only to risk having the state legislature reject the plan on a whim? Of course not. Florida saw the light and removed the legislative approval step, requiring only normal state Department of Transportation approval.
Read the whole piece here.
Posted by tedb at June 28, 2006 01:09 PM
I've just been staying at home not getting anything done. I guess it doesn't bother me. Shrug. I haven't been up to anything. I haven't gotten much done today.
Comment by: Sten64667 at January 26, 2007 10:41 PM
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Comment by: Sten46712 at January 27, 2007 04:18 PM
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Not much on my mind right now, but it's not important. I've just been letting everything happen without me. I just don't have anything to say right now.
Comment by: Sten29636 at January 29, 2007 04:16 PM
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I've just been staying at home not getting anything done. I guess it doesn't bother me. Shrug. I haven't been up to anything. I haven't gotten much done today.
Comment by: Sten90638 at January 29, 2007 08:28 PM
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I just don't have much to say these days, but so it goes. Today was a total loss. I guess it doesn't bother me.
Comment by: Sten69791 at January 30, 2007 12:44 AM
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I haven't been up to anything these days. So it goes. I can't be bothered with anything these days.
Comment by: Sten51288 at January 30, 2007 09:45 PM
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I haven't been up to much these days. Today was a loss. Nothing seems important. I've just been letting everything happen without me these days.
Comment by: Sten68420 at January 31, 2007 07:22 AM
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retty much nothing seems worth thinking about. My life's been completely dull , not that it matters. I've just been staying at home waiting for something to happen.
Comment by: Sten5078 at January 31, 2007 04:34 PM
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Basically nothing seems worth thinking about. I haven't been up to much these days. I just don't have much to say right now. I can't be bothered with anything , but whatever.
Comment by: Sten58346 at January 31, 2007 07:44 PM
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I haven't gotten anything done today. I feel like a fog, but what can I say? I've just been letting everything wash over me lately, not that it matters. Shrug.
Comment by: Sten36814 at February 1, 2007 04:06 PM
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I just don't have anything to say right now. I haven't been up to anything recently, but it's not important. I've just been sitting around waiting for something to happen, but shrug.
Comment by: Sten26324 at February 1, 2007 09:46 PM
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I've just been staying at home not getting anything done. I guess it doesn't bother me. Shrug. I haven't been up to anything. I haven't gotten much done today.
Comment by: Sten94212 at February 1, 2007 10:36 PM
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retty much nothing seems worth thinking about. My life's been completely dull , not that it matters. I've just been staying at home waiting for something to happen.
Comment by: Sten42816 at February 2, 2007 12:12 PM
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I haven't been up to much today. I've just been letting everything happen without me. Basically nothing seems worth bothering with. I've just been hanging out doing nothing. I just don't have anything to say right now. More or less nothing happening.
Comment by: Sten73298 at February 2, 2007 08:55 PM
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I haven't been up to much lately. I've basically been doing nothing , but it's not important. I can't be bothered with anything recently. I've just been letting everything happen without me lately.
Comment by: Sten80631 at February 4, 2007 06:48 AM
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I've just been staying at home not getting anything done. I've basically been doing nothing worth mentioning. My life's been pretty unremarkable these days. Eh.
Comment by: Sten94714 at February 4, 2007 12:09 PM
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I've just been staying at home not getting anything done. I've basically been doing nothing worth mentioning. My life's been pretty unremarkable these days. Eh.
Comment by: Sten94714 at February 4, 2007 12:10 PM
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I just don't have anything to say right now. I haven't been up to anything recently, but it's not important. I've just been sitting around waiting for something to happen, but shrug.
Comment by: Sten6121 at February 4, 2007 04:50 PM
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I just don't have much to say recently. Such is life. I've basically been doing nothing. Basically nothing seems worth bothering with. Oh well.
Comment by: Sten5724 at February 4, 2007 11:05 PM
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I've just been staying at home waiting for something to happen. Whatever. Not much on my mind lately. I guess it doesn't bother me.
Comment by: Sten86178 at February 4, 2007 11:17 PM
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I can't be bothered with anything these days, but shrug. I just don't have anything to say recently. I haven't gotten much done recently. Nothing seems worth thinking about.
Comment by: Sten13596 at February 6, 2007 03:33 AM
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Not much on my mind right now, but it's not important. I've just been letting everything happen without me. I just don't have anything to say right now.
Comment by: Sten39051 at February 6, 2007 08:23 AM
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