Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.
Original Article: “Biden’s Amtrak Infrastructure Scam”
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.