Brookings Institute Pushing Pay As You Go Car Insurance On CBC's The Current

This morning CBC Radio's The Current played host to Jason E Bordoff of the Brookings Institute's 'Hamilton Project' to talk up the notion of Pay As You Drive Car Insurance. (PAYD). A Trilateralist institution par excellence, Brookings lunched the Hamilton Project in 2006 in order to "restore America's promise of Opportunity, Prosperity, and Growth".

(As an aside, savvy readers may note that the new project's namesake, Alexander Hamilton, has been exposed as one of the earliest British fifth columnists in the fledgling independent US, and, as a founder of the New York Bank, helped set the nation on the road to central bank statism - so draw your own conclusions.)

In a wide ranging discussion mentioning the possibility of onboard GPS tracking or the sharing of yearly odometer reading data with participating insurance companies, Bordoff lauded the idea as a sure bet to not only reduce traffic fatalities, but a money saving opportunity for those motorists willing to share their trip data. For those who do not participate in PAYD programs, however, the standard skyrocketing insurance rates will continue to apply.

Text of Brookings Article on PAYD

CBC Radio's The Current

Background: Launch of Hamilton Project with Barack Obama, Robert Rubin, and Jim Wallace on Panel Discussion