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Railroads Are An Economic Miracle

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Analysis of the article written by Steve Forbes “Our (deregulated) railroads are an economic miracle. Let’s learn from them” Steve Forbes recently wrote an article for Fox News about the deregulation of railroads and how it has possibly affected our economy in a positive way. Forbes makes a very good point in the article by explaining that in the early 1980’s, the railroad system was not being used very much for the transport of goods. As a result the government lifted its regulations (and taxes) of railroads, and railroad companies began to see a profit. As Forbes states “The Department of Transportation reported that railroad industry costs and prices were cut in half in the decade following deregulation”. That deregulation has continued

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