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Private buses and the government as a business

Yglesias suggests that the future maybe should involve privately-owned intracity bus lines: Bus lines don’t have the power to transform neighborhoods that rail construction possesses. But buses are by far the cheapest and simplest way of adding mass transit, and municipal leaders should always have their eyes on potential ways to improve things. One possibility that naturally suggests itself is to let entrepreneurs start private intracity bus lines just as we have inter-city buses running from New York to DC, Philadelphia, Boston, etc. Unlike the barbering field I would want to see regulation of this kind of activity...

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