Thursday, August 20, 2009

High Speed Rail fiasco

Why do I have to summarize the false financing schemes for the Obama boondogle?

Posner is correct in the general sense. Economists do loose their objectivity when their favorite politician is in office. DeLong, Krugman, and Thoma; here is a general call to explain why HSR is likely to end up as nothing but a bunch of vu grafs. I am willing to bet on that.

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