2011/07/20/2129/link


 * link: URL::http://cafehayek.com/2011/04/other-peoples-money-2.html
 * date: when posted::2011-04-24
 * title: title::Other People’s Money
 * author: author::Don Boudreaux
 * summary: summary::Wisely warning against the folly of government-subsidized high-speed rail, Stanford University historian Richard White notes that “Without bond guarantees, private investors, which so far seem more prone to due diligence than the California High-Speed Rail Authority, have yet to put up money”
 * arguments:
 * argues::Since high-speed rail does not seem to be profitable for private investors, it is a waste of money for the government to invest in it.
 * argues::Since the government will spend money on wasteful projects like high-speed rail, this is strong evidence that other government programs ("such as education, health-care, social ‘safety nets'") are wasteful too.
 * assumptions: assumes::All profit from a project can be measured in terms of profit to investors in that project.
 * conclusions: concludes::High-speed rail is a waste of money.
 * topics: topic::other people's money topic::profit topic::high-speed rail topic::passenger rail
 * example of: example of::bad argument