commented on Hyperloop Porn
The hyperloop is a scam and I really wish people wouldn't fall for it. This shit will be used to undermine high speed rail for years to come, and the more credibility it has the more it will hinder efforts to build proper rail. (Can't you already see the propaganda? "The high-speed rail project will cost ten times as much as a hyperloop and deliver far slower travel!")
commented on The Big Backdoor Bailout of Wall Street and Doug Henwood
What's weird is that nowhere in his op-ed does Huszar adduce any reason that one might oppose the Fed's quantitative easing. He credits the idea that it has expanded the economy by $40 billion, and he doesn't cite any costs of the program, beyond the possibility that it has boosted stock prices. In 2012, the Fed paid $88 billion to the U.S. treasury. Why? Because of its huge balance sheet, which earns it, well, $88 billion of interest a year. So, $88 billion for the federal government, $40 billion (at least) of increased income for Americans, and the terrible price that we are paying is . . . the stock market has gone up.
commented on Soon You'll Have to Be 21 to Buy Cigarettes in New York City
@12 What does Macy's have to do with the price of tea in China? (Which is to say, who the hell lives near Macy's?) A teenager in Bed-Stuy or Midwood is not going to have an easy time buying cigarettes, and smoking will go down. Seems like a good outcome to me. I wonder if you would make the same argument about guns, abortion, etc. I mean, why should abortion be legal in NYC if you can get from Macy's to New Jersey in a few minutes, for $5 round trip?
commented on Poor Europe
Sigh, I'm an idiot. United Kingdom of Great Britain and Northern Ireland. I knew there were a few more countries in there somewhere...