Wouldn’t the capital saved on fewer car accidents be free to boost consumption and production? Moreover, most of the $800 billion figure does not entail savings from car repairs/​replacements but working hours lost to injuries, traffic jams, medical bills, and QALY lost.
Wouldn’t the capital saved on fewer car accidents be free to boost consumption and production? Moreover, most of the $800 billion figure does not entail savings from car repairs/​replacements but working hours lost to injuries, traffic jams, medical bills, and QALY lost.