Friday, February 25, 2011

High Speed Rail and Other Fairy Tales

High-speed rail may be feasible in parts of Europe or Japan, where the population density is much higher than in the United States. But, without enough people packed into a given space, there will never be enough riders to repay the high cost of building and maintaining a high-speed rail system.
Building a high-speed rail system between Los Angeles and San Francisco may sound great to people who don't give it any serious thought. But we are a more spread-out country than England, France or Japan. The distance between Los Angeles and San Francisco is greater than the distance from London to Paris-- by more than 100 miles.
In Japan, the distance between Tokyo and Osaka is comparable to the distance between Los Angeles and San Francisco. But the population of Osaka alone is larger than the combined populations of Los Angeles and San Francisco-- and Tokyo has millions more people than Osaka. That is why it can make sense to have a "bullet train" running between Osaka and Tokyo, but makes no sense to build one between Los Angeles and San Francisco.
However little President Obama knows or cares about economics, he knows a lot about politics-- and especially political rhetoric. "High-speed rail" is simply another set of lofty words to justify continued expansion of government spending. So are words like "investment in education" or "investment" in any number of other things, which serves the same political purpose.
http://www.realclearpolitics.com/articles/2011/02/22/reckless_spending_108974.html

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