Theres a real problem with this logic which is that on its own terms it makes

Theres a real problem with this logic which is that

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There's a real problem with this logic, which is that, on its own terms, it makes perfect sense (except for the  listening to economists part). Opponents of tolls are certainly not stupid, and their arguments deserve serious  consideration. But in the end, their concerns are largely overblown, and the benefits of tolling swamp the potential  costs. Unfortunately, it can be hard to convey this because the theory behind tolling is somewhat complex and  counterintuitive. This is too bad, because variable tolling is an excellent public policy. Here's why: the basic  economic theory is that when you give out something valuable—in this case, road space—for less than its true  value, shortages result. Ultimately, there's no free lunch; instead of paying with money, you pay with the effort and time needed to acquire  the good. Think of Soviet shoppers spending their lives in endless queues to purchase artificially low-priced but  exceedingly scarce goods. Then think of Americans who can fulfill nearly any consumerist fantasy quickly but at a  monetary cost. Free but congested roads have left us shivering on the streets of Moscow. To consider it another way, delay is an externality imposed by drivers on their peers. By driving onto a busy road  and contributing to congestion, drivers slow the speeds of others—but they never have to pay for it, at least not  directly. In the end, of course, everybody pays, because as we impose congestion on others, others impose it on us.  This degenerates into a game that nobody can win.
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Markets work best when externalities are internalized: i.e., you pay for the hassle you inflict on others. … Using  tolls to help internalize the congestion externality would somewhat reduce the number of trips made on the most  congested roads at the peak usage periods; some trips would be moved to less congested times and routes, and  others would be foregone entirely. This way we would cut down on the congestion costs we impose on each other. Granted, tolls cannot fully cope with accidents and other incidents, which are major causes of delay. But pricing  can largely eliminate chronic, recurring congestion. No matter how high the demand for a road, there is a level of  toll that will keep it flowing freely. To make tolling truly effective, the price must be right. Too high a price drives away too many cars and the road  does not function at its capacity. Too low a price and congestion isn't licked.
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