Further evidence that the US, for whatever reason, lacks basic ability to rationally use resources.
If you adjust for GDP railroads were much more expensive, and I don't think they're viewed as a mistake https://x.com/finmoorhouse/status/2044985790212583699?s=20
It’s just a classic bubble. They’ve happened before, and while they are irrational, the market sorts itself eventually.
If you adjust for GDP railroads were much more expensive, and I don't think they're viewed as a mistake https://x.com/finmoorhouse/status/2044985790212583699?s=20