> but over-buying capacity based on "perceived need that doesn't actually exist" is a trap that also makes the roads less safe and should be regulated
This kind of thinking (all expenditures to account for tail-risk demand scenarios is an evil source of inefficiency that must be eliminated) is making society perilously fragile.
Buying optionality is a great idea and people don’t do it enough.
This kind of thinking (all expenditures to account for tail-risk demand scenarios is an evil source of inefficiency that must be eliminated) is making society perilously fragile.
Buying optionality is a great idea and people don’t do it enough.