{"id":6148,"date":"2012-11-13T14:42:40","date_gmt":"2012-11-13T19:42:40","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6148"},"modified":"2012-11-13T14:42:40","modified_gmt":"2012-11-13T19:42:40","slug":"stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/","title":{"rendered":"Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute"},"content":{"rendered":"<p>Interesting analysis by Randal O&#8217;Toole on the future of Amtrak:<\/p>\n<blockquote style=\"background-color:#ccccff;\"><p>When Congress created Amtrak in 1970, passenger-rail advocates hoped that it would become an efficient and attractive mode of travel. More than 40 years of Amtrak operations have disappointed them, as Amtrak has become the highest-cost mode of intercity travel and remains an insignificant player in the nation&#8217;s transportation system. Nationally, average Amtrak fares are more than twice as much, per passenger mile, as airfares. Despite these high fares, per-passenger-mile subsidies to Amtrak are nearly nine times as much as subsidies to airlines, and more than 20 times as much as subsidies to driving. When fares and subsidies are combined, Amtrak&#8217;s costs per passenger mile are nearly four times as great as airline costs&#8230;&#8230;.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.cato.org\/publications\/policy-analysis\/stopping-runaway-train-case-privatizing-amtrak\">Stopping the Runaway Train: The Case for Privatizing Amtrak | Randal O&#8217;Toole | Cato Institute: Policy Analysis<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interesting analysis by Randal O&#8217;Toole on the future of Amtrak: When Congress created Amtrak in 1970, passenger-rail advocates hoped that it would become an efficient and attractive mode of travel. More than 40 years of Amtrak operations have disappointed them, as Amtrak has become the highest-cost mode of intercity travel and remains an insignificant player &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,34],"tags":[186,1605],"class_list":["post-6148","post","type-post","status-publish","format-standard","hentry","category-other","category-us-canada-countries-regions","tag-amtrak","tag-government-subsidies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Interesting analysis by Randal O&#8217;Toole on the future of Amtrak: When Congress created Amtrak in 1970, passenger-rail advocates hoped that it would become an efficient and attractive mode of travel. More than 40 years of Amtrak operations have disappointed them, as Amtrak has become the highest-cost mode of intercity travel and remains an insignificant player &hellip; Continue reading &quot;Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-13T19:42:40+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute\",\"datePublished\":\"2012-11-13T19:42:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\"},\"wordCount\":151,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Amtrak\",\"government subsidies\"],\"articleSection\":[\"Other\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\",\"name\":\"Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-11-13T19:42:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/13\/stopping-the-runaway-train-the-case-for-privatizing-amtrak-randal-otoole-cato-institute-policy-analysis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stopping the Runaway Train: The Case for Privatizing Amtrak &#124; Randal O&#039;Toole &#124; Cato Institute\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Provisions include: Direct payments of $600 to most adults and $600 per child. 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China's domestic economy threatens a deflationary contraction, with the consumer price index shrinking by 0.8% in the\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-08-china-cpi-598x404.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-08-china-cpi-598x404.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-08-china-cpi-598x404.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8627,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/15\/the-us-corporate-boom-in-solar-power-explained-in-five-charts-quartz\/","url_meta":{"origin":6148,"position":2},"title":"The US corporate boom in solar power explained in five charts &#8211; Quartz","author":"ColinTwiggs","date":"October 15, 2013","format":false,"excerpt":"Todd Woody writes: While electricity prices are expected to continue to rise in the years ahead, the installed cost of a photovoltaic system continues to drop. The plummeting price for photovoltaic electricity means that installations are spreading beyond states like California that feature both high electricity prices and generous subsidies\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/other\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11237,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/30\/the-index-of-cronyism-by-the-economist-a-call-for-improvement\/","url_meta":{"origin":6148,"position":3},"title":"The Index of Cronyism by The Economist","author":"ColinTwiggs","date":"October 30, 2014","format":false,"excerpt":"Alejandro Chafuen discusses the impact of crony capitalism: Unfortunately, much of the debate about cronyism is based on anecdotes and generalizations.....In the United States we have efforts, such as Subsidy Tracker, which give some idea of the problem. Subsidies feed cronyism. Known state subsidies to private business add up to\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58170,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/09\/us-economic-policy-is-dying-with-the-solution-out-of-reach\/","url_meta":{"origin":6148,"position":4},"title":"US economic policy is dying, with the solution out of reach","author":"Colin Twiggs","date":"October 9, 2024","format":false,"excerpt":"Adam Tooze at FT.com comments that large imbalances from globalization are forcing a renewed focus on industrial policy and geopolitical rivalry: \"America\u2019s persistent trade deficit has long raised questions about how it will be paid for. So far, thanks to the exorbitant privilege of the US dollar and the good\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Adam Tooze","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/adam-tooze.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/31\/polish-economy-defies-europes-woes-wsj-com\/","url_meta":{"origin":6148,"position":5},"title":"Polish Economy Defies Europe&#8217;s Woes &#8211; WSJ.com","author":"ColinTwiggs","date":"August 31, 2011","format":false,"excerpt":"Poland's economy expanded robustly in the second quarter despite slowing growth in the euro zone, outpacing Central European peers more dependent on exports to Germany. ......Much of the strength in Poland's domestic demand was the result of government spending on infrastructure, supported with European Union subsidies, which more than offset\u2026","rel":"","context":"In &quot;The Big Picture&quot;","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6148"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6148\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}