Tall buildings, walkable neighborhoods, and a good transit system reduce the average cost of face-to-face interaction in exactly the same way that steam ships and low tariffs reduced the average costs of shipping goods to the other side of the world.
FORBES: Density Limits Are Urban Protectionism
We saw this same thing happen in the 19th century with the invention of steam-powered ships.
FORBES: Tariffs and Trade: The Tariff Level Isn't the Most Important Thing
It will feature a seven-mile long procession of Dunkirk little ships, historic vessels, steam boats and tugs.
BBC: Organisers unveil 1,000-boat Diamond Jubilee flotilla
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