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[quote user="ICLand"] [quote user="Bucyrus"]So why did the government give land grants to the land grant transcontinental railroads?  Was this just a mistake in economics, or were there other motivations?  Did the railroads that accepted these land grants not realize that there would be no market for them in those new territories?  [/quote]  Remember, this was "Manifest Destiny." Economics was not so well understood. Most of the world's economies still responded to the "command of the king." Land Grant Railroads were America's first experience with the "command of Congress."  The "railroads that accepted land grants" were not real railroads. They were created specifically to intercept the largess of Congress, and siphon out as much money as possible before the tap was shut off or the funds ran out. They could have cared less about any actual markets. [/quote] I can see the mechanics of that.  What about this part of my last question: When you say, “There is no such thing as creating "productive territory" when a subsidy is required to build into it ahead of market demand,” how would that analysis apply to the push for a national system of publicly funded HSR today?
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