Richard Florida, author of The Great Reset, discusses how this recession may change American life as did the depression of the 1870 and the Great Depression. Florida is interested in national trends, and especially the great cities of America.
He contends that transportation infrastructure was, and may yet, be a good investment. Nonetheless, he acknowledges that pricing for infrastructure is often unrealistic. Although he favors rail lines, he concedes these lines may be unprofitable and the recipients of perpetual subsidies.
Here’s a description of the interview from Reason:
How is the current economic crisis remaking American cities?
Reason.tv’s Nick Gillespie sat down with Richard Florida, author of The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity. Florida discussed the housing bubble, high speed rail, and how economic shifts give rise to new urban landscapes called “megaregions.”
Approximately 10 minutes. Shot by Dan Hayes and Josh Swain. Edited by Josh Swain.
Link: http://www.reason.tv/video/show/richard-florida-discusses-his