The United States Department of Transportation is taking the next step towards creating a “vehicle-to-vehicle” communications system that will allow light autos on the road to receive and broadcast critical information to one another.
Last week, the DOT’s National Highway Traffic Safety Administration, or NHTSA, published an “advance notice of proposed rulemaking” in the Federal Register announcing the department’s intention to move forward with plans that officials believe could save thousands of lives.
“By warning drivers of imminent danger, V2V technology has the potential to dramatically improve highway safety,” David Friedman, NHSTA’s deputy administrator, said in a statement announcing the rulemaking, according to FedScoop. “V2V technology is ready to move toward implementation and this report highlights the work NHTSA and DOT are doing to bring this technology and its great safety benefits into the nation’s light vehicle fleet.”
Earlier this year, US Transportation Secretary Anthony Foxx said that V2V technology “represents the next generation of auto safety improvements,” and is an appropriate next step after safety belts and air bags.
The great thing about Paul Krugman is that you just need to let him tie the rhetorical noose with which he hangs himself. The funniest example is when he asked a group of Canadians in a live forum whether they liked their government health care, and it blew up in his face. Another good one was when I showed (in the final section of this article) the failure of two of Krugman’s empirical “tests” of the Keynesian demand-side explanation. In the current post, I’ll show once again that Krugman’s own choices–this time regarding “austerity” in Europe–illustrate the bankruptcy (both figuratively and literally) of Keynesian fiscal analysis.
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.
"Taxation has surrounded itself with doctrines of justification; it had to; no miscreant can carry on without a supporting philosophy. Until recent times this pilfering of private property sought to gain the approval of its victims by protesting the need for maintaining social services. The growing encroachments of the state upon property rights necessarily brought about a lowering of the general economy, resulting in disaffection, and now taxation is advocated as a means of alleviating this condition; we are now being taxed into betterment."