Many types of infrastructure that are currently owned by governments used to be owned by the private sector. Before the 20th century, for example, more than 2,000 turnpike companies in America built more than 10,000 miles of toll roads. And up until the mid-20th century, most urban rail and bus services were private. With respect to railroads, the federal government subsidized some of the railroads to the West, but most U.S. rail mileage in the 19th century was in the East, and it was generally unsubsidized. The takeover of private infrastructure by governments here and abroad in the 20th century caused many problems.Learn what historically challenged Paul Krugman doesn't know, or doesn't want to know. Another good study by Chris Edwards and his team.
Saturday, January 19, 2013
The CATO Institute reports:
Posted by Steve Bartin at 3:03 PM