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The Sunset Limited
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<p>Well, this topic has certainly generated more interest that I could have imagined. </p><p>As is the case with most issues, there are many legitimate views regarding whether the government should be in the railroad business and, if so, to what extent.</p><p>In my view government should not be in any commercial enterprise, especially one that is not used by most of the people in the body politic. Competitive markets are the best place to allocate scarce resources, whether it is tobacco or cars or passengers trains. Free markets, however, have winners and losers. Not every activity makes the cut. But they are the best way to determine what people are willing to pay for in an arms length transaction.</p><p>No one knows what the government would have spent the money on if it had opted not to save the intercity passenger train. All we know at this point is that Amtrak has received substantial taxpayer funds since 1971 and could not have continued without them. </p><p> </p>
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