Richard's Real Estate and Urban Economics Blog: Are ballots more ...

I really don't know. ?But Parris Glendening made an interesting point at a conference I participated in at GW last week: that in Los Angeles, people decided to tax themselves (via Measure R) to build a light rail system. ?So while such systems fail to pass the cost-benefit test, and often worsen the bus service that low income riders rely on, they do, in the case of LA, reflect the will of the people.

I am guessing most people don't read the works of John Kain?before they vote; they also don't read IEEE journals before buying PCs. ?Los Angeles is implementing measure R in the manner described when it was on the ballot, which makes it very different from the high-speed rail initiative. ?I think I need to make my peace with light rail in LA (although I sure wish the Expo line worked better).

Source: http://real-estate-and-urban.blogspot.com/2012/09/are-ballots-more-democratic-than-markets.html

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