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Rail Merger is American Supply Chain Game-Changer
An economy cannot remain dynamic if its infrastructure is trapped in the past.
Most Americans associate innovation with new technologies. But modernization is equally important in the industries that move goods, power factories, and connect markets. An economy cannot remain dynamic if its infrastructure is trapped in the past.
That reality is at the center of a consequential decision now facing federal regulators: whether to approve the nation’s first transcontinental freight railroad.
Announced last summer, the $71 billion merger between Union Pacific and Norfolk Southern would create a single rail network spanning 50,000 route miles, connecting 43 states and more than 100 ports.
Economic Dynamism
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Social Mobility Wins
When people live within an environment offering good jobs, good education, social networks, and a culture of self-improvement and hard work, they experience progress in a way that undercuts the philosophical rationale that socialists need to justify the policies they advocate.
Kevin Warsh and the Future of Fed Communication
Warsh is right that the Federal Reserve should not speak so loudly that it hears only its own echo.
