Mises Wire
Author:
Matthew McCaffrey
Online Publish Date:
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has by a landslide, Watts and his wife put their life savings into building a small access road that allowed drivers to avoid a costly detour. The toll road was an into fixing the damaged motorway ahead of schedule. Watts managed to keep his road open despite these political obstacles, but ultimately he failed to turn a profit.