Subsidies to Amtrak and Siemens: A Pathway To Cronyism For The Few

mises.org/mises-wire/subsidies-amtrak-and-siemens-pathway-cronyism-few

Remember when train travel was glamorous? The 20th Century Limited—connecting New York and Chicago—epitomized luxury in 1928. Yet, America’s passenger trains have lost money since 1946. To revive train travel, Congress created Amtrak in 1971. Fast forward to today, and this experiment…

This story appeared on mises.org, 2025-07-17 11:01:48.
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