Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
Ed Bugos
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Mr. Bugos is a mining analyst, independent investor, and senior analyst at The Dollar Vigilante (an online guide to surviving the dollar crash), with more than 35 years experience in the investment business advising clients on portfolio and trading strategies. The link to the website is: http://dollarvigilante.com
Latest work
A friend of mine works for the public sector, in transit specifically. When I asked him to tell me what value he saw in “public transit” for society, he replied, You must be from the stone ages...
In any other country where the capital structure is less developed, the transition to price inflation would be more intense and instantaneous.
