Winter 2019
Regulation Vol. 42 No. 4



Is Amtrak Guilty of Securities Fraud?

Amtrak's claims that 2019 passenger revenues covered all but $29 million of its costs are a complete misrepresentation of the truth, which is that it lost more than $1 billion in 2019.


Living in a Fantasy World

Austin planners have made unrealistic assumptions about future travel patterns that will lead to misspent tax dollars, increased consumer costs, and greater traffic congestion.


Government Assets Fall Apart

Politicians like to brag about the new projects they are spending money on, but they pay little attention to old facilities that are falling apart.