Economics and Efficiency: Clifford Winston Wants to Save America's Infrastructure

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

Professor Kotlikoff is joined by Clifford Winston, a senior fellow in the Economic Studies program at the Brookings Institution, where he specializes in the field of transportation economics. A respected voice in his domain, Clifford's analytical approach to infrastructure, regulation, and transportation policy makes him an expert in dissecting the intricacies of US transportation systems. He has penned numerous significant works, including his impactful book "Revitalizing a Nation: Competition and Innovation in the US Transportation System," that bring forth innovative ideas aimed at transforming how the nation moves.

Clifford's distinguished career, which includes influencing transportation policy debates and pushing for reform to increase efficiency and innovation in the sector, presents him with the unique ability to scrutinize the conventional protocols that govern America's transport grid.

Time Stamps:

• 00:00 Public perception of infrastructure with engineering dominance.
• 07:34 Pricing for heavy vehicles to reduce damage.
• 14:00 Private and public sectors face consequences.
• 21:19 Administration lacks transparent infrastructure change communication.
• 23:21 Tax per mile to account for externalities.
• 29:03 Question market failure before implementing electric vehicle policies.
• 38:16 Government funding of infrastructure causes inefficient allocation.
• 43:47 Transportation system's impact on macroeconomic policy explained.
• 47:58 Airlines benefit from global deregulation for travel.
• 54:46 Resistance to change in government laws and regulations.
• 55:44 Private sector innovates, public sector lacks incentives.
• 01:01:38 Hoping for candidate to hire as transportation person.

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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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