A crippling rail strike seems to have been averted. Barely. You and I may think of the railroads as ways to move freight, but as our guest today observes: “The railroad companies have been Wall Street’s plaything throughout their half-century decline.” On this show, the New Republic’s Timothy Noah argues it’s time to nationalize the rails, as is the federal highway system. Both really are public utilities and should be regulated as such. Listen and learn how the current arrangement has worsened inflation.