Posts Tagged ‘Northeast Corridor’

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    Plane Train Competition

    Aug 16, 12 • 113 Views • Demand, Supply, and Markets, Economic Debates, Economic History, Government, Innovation, Labor, Macroeconomic Measurement, Regulation, Thinking Economically, Uncategorized, US Presidential ElectionNo Comments

    Should government subsidize a railroad? Our story starts during the 1970s when you could fly from New York to Washington, D.C. on the Eastern shuttle. Eastern left hourly (!) and guaranteed a seat to everyone who showed up for the flight. Imagine, coffee cup...