This chart was found courtesy of Scott Sumner’s blog.
A story in the July 22, 2010 Economist discussed America’s freight trains and their unsung role in boosting the American economy. A key component of this was the Staggers Act of 1980, a law which effectively deregulated the railroad industry. The Economist graphed the result of the law. As they say, a picture is worth a thousand words:
As an added benefit, this law came about during the reign of history’s greatest monster, Jimmy Carter.
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