Humboldt Bay and NCRA: A great investment?
I've read this article on Golmdan- Sachs' interest in Humboldt Bay and the North Coast Railroad Authority a couple times to make sure I have it right. It does indeed look like they're talking about using private investment from various pension funds to develop the harbor and railroad.
How could a libertarian argue with that? It's their money to lose, or is it? I had to ask myself; If it was my retirement money they were investing, would I want it spent on rebuilding our railroad?