High-speed rail: A bad investment

Article on high-speed rail in the on-line edition of USA Today: 

“The history of transportation shows that we adopt new technologies when they are faster, more convenient, and less expensive than the technologies they replace. High-speed rail is slower than flying, less convenient than driving, and far more expensive than either one. As a result, it will never serve more than a few marginal travelers.”

Thanks to Randal O'Toole at the Antiplanner.