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Should Congress Legislate on the Subject of Railway Rates? - Softcover

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9781528252669: Should Congress Legislate on the Subject of Railway Rates?

Synopsis

Exploring the complexities of the American railroad industry, this book delves into the history and implications of rate regulation. The author argues that the power to set rates should not lie with the federal government but rather with individual railroads, citing historical evidence to demonstrate the negative consequences of government intervention. The book also examines the impact of competition on rates, arguing that it is a natural force that should be allowed to operate freely. The author further explores the concept of pooling, which allows railroads to cooperate in setting rates, and discusses its benefits and potential drawbacks. Ultimately, the book provides a comprehensive analysis of the challenges and complexities of railroad rate regulation, offering valuable insights for policymakers, industry professionals, and anyone interested in the history and regulation of transportation.

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