Constructively Improving Railroad Regulations
Edward R. Hamberger, President and CEO of the Association of American Railroads, mentions a piece by Fred Smith and Marc Scribner regarding regulations of the railroad industry.
The success of partial economic deregulation of the freight rail sector is well established in policy circles across the political spectrum and is marked by an undeniable correlation between less government intrusion and the ability of the industry to invest private dollars to serve customers and the economy.
According to the Competitive Enterprise Institute, “Railroads sought economic liberalization after almost a century of struggling under an ever more restrictive regulatory regime that left them facing ruin.” And, as the Institute notes, the sector “succeeded in impressive manner—a once-moribund industry recovered rapidly and is now again a vibrant part of the American economy.”
Read the full article at The Regulatory Review.