Tom Seim wrote:
(John Cochrane) wrote...

I hope we don't see a rash of similar stories as low-timers do silly
things 'knowing' that the BRS can save their bacon.

Comments?

Sam Pelzman, a fellow economist here at the University of Chicago,
once argued on similar grounds against seat belts in cars. He pointed
out, quite correctly, that long sharp steel spikes on the dashboard
would be far more effective at lowering the accident rate.

John Cochrane


So I assume that Sam (and, by concurrence, you) had said spikes
installed on his car.

If you think about it for a second, you'll realize it only works if
*everyone* has the spikes installed 8^)

Marc