Image Credit: Steve Jurvetson (Flickr) (CC-by-2.0)

Image Credit: Steve Jurvetson (Flickr) (CC-by-2.0)

Pethokoukis, Economics, Regulation

How to keep government from stalling the driverless car

Given that (a) driving errors and accidents cost $300 billion and 34,000 lives a year, and (b) traffic congestion caused drivers to spend an extra 5.5 billion hours on the road and purchase an extra $121 billion gallons of fuel … well, you could say driverless cars could potentially be a pretty big deal. That, if the government doesn’t put a regulatory hammerlock on this emerging technology. read more >