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November 28, 2005
Why the mathematics of congestion pricing don't work
Over at Tech Central Station, Johan Wennström argues that a congestion pricing scheme for traffic in New York City would become an unwelcome burden for New Yorkers. Pointing to examples from London and Stockholm, where congestion pricing schemes are already a fact of life, Wennström makes the case against congestion pricing:
"Is this really something for the Capital of the World? Manhattan is still recovering from 9/11. This is perhaps the worst time to carry through a system that would be a burden to New Yorkers...
On the eve of Bloomberg's re-election, he proclaimed that New York is back in business after the World Trade Center attacks. Why make it harder for the city to recover by imposing a toll system which, if following the international pattern, will only hurt merchants and consumers alike?"
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