Filed under: Bureaucracy, Capitalism, Economics, Economy, Free Markets, Freedom, History, Humor, Politics, Taxes | Tags: Burton Folsom, Government Failures, Private Investment Works
Democrats are always promising to build stuff. California has their High Speed train to nowhere that is becoming a very expensive bad joke. The Seattle area’s Light Rail is well on the way to becoming another, as is common for commuter rail projects all over the country. Government officials are as subject to falling for popular fashion as is any young ingenue, and for quite a while building a railroad seemed like a great way to make yourself famous. So they are, but not exactly in the way they planned on. Here’s Burton Folsom, author, historian and professor at Hillsdale College to explain why the government is such a lousy investor.
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