Re: [Pen-l] Bubble Psychology [was: thinking the unthinkable

["Jim Devine" <jdevine03@xxxxxxxxx>]

Max Sawicky wrote:
> I remember reading somewhere -- Old Man Perelman would know about this --
> that Fogel or somebody like that argues that public subsidies for railroads
> or maybe it was canals was not economically justified.

It was Fogel. He argued that building the railroads wasn't cost
effective because canals and the like could have done the trick.
(Canals over the Rocky Mountains?)
-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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