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Opinion: A free-market ‘yes’ to Texas high-speed rail

(Source: Texas Tribune opinion column by Tom Giovanetti, December 14, 2018)

AUSTIN, Texas — The Texas Central Rail project is backed by private venture capital, and whether it is successful should be determined by markets, not by the Texas Legislature or the Reason Foundation or CAGW. Private investors will scrutinize the business model and projections, and if private investors don’t think the project will work, they won’t invest. There’s nothing novel at all about this — this is how every new venture in every industry works.

Full story: Texas Tribune

Friday, December 14, 2018

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