Comments on Henry Ergas “Mere money won't get Sydney moving”, 4/04/2011, http://www.theaustralian.com.au/national-affairs/more-money-wont-get-sydney-moving/story-fn59niix-1226032905744
Only having read the concluding paras without reading the whole article, couldn't it be better both logically and politically, to combine immediate actions with longer term structural design at once?
Given the existence of the problem for so long, surely there must be some no-regret transport projects that can go ahead immediately, no matter what a longer term structural consideration will result in.
NSW/Sydney people are sick and tired of of spins and inactions, or worse wastes of taxpayer's money and expect action.
They have just voted for action and they deserve rightly it.
Of course, Ergas is right, only simple action without a long term best design can only lead to more wastes and more serious jams.
So, O'Farrell should and must combine the two to provide both assurance and best policy, for taxpayer's money and improve people's lives and living standards.
Economists also need to be aware of the real world too and combine long term perspectives with short term actions as well as a dynamic optimal trajectory, I am afraid to say.