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Opinion

Congestion Pricing, the Only Cure for Traffic Congestion

When it rains, and demand for taxicabs rises, Uber charges double, even triple the usual rates.
Congestion Pricing, the Only Cure for Traffic Congestion
A sign marks a pick-up point for the Uber car service at LaGuardia Airport in New York City on Mar. 15, 2017 Seth Wenig/AP
Walter Block
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New Yorkers have long been debating an idea of how to reduce traffic congestion in the city. It’s called congestion pricing and has recently been approved as part of the city’s 2020 budget.

Curiously enough, there are also good economic reasons for why that could be effective.

Walter Block
Walter Block
Author
Walter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, at Loyola University New Orleans.
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