It amazes me that something as mundane as ‘free parking’ could have changed the way the modern world developed.

This, from Vox:

It explains why older cities are so convenient for walking, while more modern cities tend to sprawl.

Multiplier effects, right? And caused by such an innocuous regulation.

Rolling Alpha posts opinions on finance, economics, and sometimes things that are only loosely related. Follow me on Twitter @RollingAlpha, and on Facebook at