Thursday, May 21, 2009
High speed rail
As I am afraid of flying I have taken long distance Amtrak passenger trains on several occasions. You might think then I would be sympathetic to the administration's plans for high speed passenger rail . However I am not. Amtrak is already highly subsidized without being particularly competitive for people who aren't afraid of flying. I doubt additional spending will increase volume much which means it would fail any reasonable cost benefit analysis. It is a bit distressing how disconnected these sorts of spending decisions are from any rational evaluation of technical merit.