Free Market
Author:
Gregory Bresiger
Online Publish Date:
The Free Market 20, no. 3 (March 2002) On May Day 1971, the National Railroad Passenger Corporation, later known as Amtrak, took over a group of overregulated bankrupt private railroads. Officials of Amtrak, which is a blending of the words American and track, announced that the government would make money on these bankrupt railroads. The public