Austin is growing very rapidly, and traffic volumes are increasing similarly. The most important transportation problem in the Austin area is accommodating this increased demand. Light rail is being proposed as a strategy to assist in reducing traffic congestion. Regrettably, not even the projections of local transportation agencies indicate any material impact of light rail on traffic congestion.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...