Economist Ed Glaeser runs the numbers for a hypothetical high-speed rail line from Houston to Dallas and concludes they don't add up.
I think it's a closer call.
Here's the crux of his estimate:
I estimate benefits by comparing rail to air.
A train going from Dallas to Houston at 150 miles an hour would take 96 minutes. Southwest Airlines takes an hour for the same route, but the need to arrive early could add...
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