NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Economy

Highway Heist: The Development of America’s Road System

by October 12, 2022
written by October 12, 2022
Reprinted from the Independent Institute

James Bennett’s new book, Highway Heist, offers readers an excellent history of the politics and economics behind the development of the nation’s transportation network. When one reflects on the many activities undertaken by the government, the nation’s network of roads looks like one of the more productive government activities. Yet Bennett shows that the construction of roads has often been controversial and that interest group politics has played a significant role in determining whether they would be built and where they would go.

Readers interested in infrastructure issues will find the book very informative. Bennett offers readers a rich historical background, even going back to the nation’s founding. The book is loaded with facts and case studies. While a book on infrastructure could be dry reading, Bennett is a good writer who will engage readers. The text reads like a good story.

The debate on the appropriate role of government in the development of roads began early in the nation’s history. Thomas Jefferson and John Quincy Adams advocated expanding government’s role in infrastructure development, while Andrew Jackson was opposed and even questioned whether the federal government’s involvement in road building was constitutional.

Beginning in the 1880s, bicycle enthusiasts joined those who promoted horse-drawn transportation in advocating for better roads. The growth in automobile travel fed that demand even more, and the US highway system promoted by FDR was a prelude to Eisenhower’s interstate highway system that was initiated in the 1950s.

The interstate highway system, a remarkable public works achievement, was costly in many ways. Beyond the money spent, new highways destroyed neighborhoods. They displaced more than a million Americans, often forcibly by using eminent domain to obtain right-of-way. Cronyism and corruption usually determined where highways would be built and who would get the contracts to build them.

The nation’s highway network brought suburbanization and traffic congestion. It sparked a backlash against a system that critics argued was poorly planned and filled with boondoggles, waste, and incompetence. You can see the roads. Bennett shows you the politics behind them, and the picture often is not pretty.

The history, the anecdotes, and the many facts make this book worthwhile, and the engaging writing style makes the book a fun read. If you have any interest in the topic, this book is worth your time.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Valkyrie to liquidate and delist Bitcoin-related ETF
next post
Portnox Debuts First Cloud-Native IoT Fingerprinting and Profiling Solution

You may also like

Politics, Not Markets, Makes Banking Unstable

March 29, 2023

Lessons from the Phillips Curve

March 29, 2023

Why Progressive Taxes Are Especially Harmful to Productivity...

March 28, 2023

How Does a Region Rust Away?

March 28, 2023

A Revolution in Public Transportation From A Town...

March 27, 2023

When Can Waffle House Raise its Prices?

March 27, 2023

Monetary Policy and that Old-Time Fiscal Religion

March 26, 2023

Money and Inflation Are Still Related

March 26, 2023

A Review of Wynton Marsalis’s Moving to Higher...

March 26, 2023

When It Comes to Big Tech and Monopoly...

March 25, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    Headline Inflation Falls, But Core Inflation Remains Elevated

  • 2

    My Trigger to Enter $VAPR

  • 3

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 4

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 5

    Pay Attention to These Stocks

Recent Posts

  • Global Cellular IoT Module Shipments Jump 14% YoY in 2022 to Reach Highest Ever

    March 29, 2023
  • Next plc results: full-year sales up 8.4%

    March 29, 2023
  • CAC 40 forecast amid the recent French protests

    March 29, 2023
  • Politics, Not Markets, Makes Banking Unstable

    March 29, 2023
  • Lessons from the Phillips Curve

    March 29, 2023

Categories

  • Economy (715)
  • Editor's Pick (308)
  • Investing (2,017)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick