Joe Cortwright
Recent Posts
Are Millennials Racing to Buy Cars Again? Nope
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Crossposted from City Observatory. Hot on the heels of claims that Millennials are buying houses come stories asserting that Millennials are suddenly big car buyers. We pointed out the flaws in the home-buying story earlier this month, and now let’s take a look at the car market. The Chicago Tribune offered up a feature presenting […]
The High Price of Cheap Gas
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At least on the surface, the big declines in gas prices we’ve seen over the past year seem like an unalloyed good. We save money at the pump, and we have more to spend on other things, But the cheap gas has serious hidden costs—more pollution, more energy consumption, more crashes and greater traffic congestion. […]
The End of Peak Driving?
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Cross-posted from City Observatory. A little over a year ago, a gallon of regular gasoline cost $3.70. Since then, that price has plummeted, and remains more than a dollar cheaper than it was through most of 2014. Over the same period, there’s been a small but noticeable uptick in driving in the US. After nearly […]
Another Tall Tale About Congestion From the Texas Transportation Institute
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Crossposted from City Observatory. Everything is bigger in Texas — which must be why, for the past 30 years, the Texas Transportation Institute (TTI) has basically cornered the market for telling whoppers about the supposed toll that traffic congestion takes on the nation’s economy. Today, they’re back with a new report, “The Urban Mobility Scorecard,” […]
How Cutting Back on Driving Helps the Economy
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Cross-posted from City Observatory As Americans drive less and spend less on fuel, they have about $150 billion annually to spend in other ways. There are two kinds of economics: macroeconomics, which deals in big national and global quantities, like gross domestic product, and microeconomics, which focuses on a smaller scale, like how the prices […]