EPISODE · Oct 20, 2020 · 55 MIN
The Staggers Act Turns Forty: Lessons Learned from Railroad Regulation
from FedSoc Forums · host The Federalist Society
October 14, 2020 marks the 40th anniversary of the enactment of the Staggers Rail Act -- the law that largely deregulated economic dealings within the freight rail sector. So far removed, the anniversary may seem irrelevant, but the opposite is true: rail deregulation serves as an important case study on matters related to competition, markets, rate regulation and capitalism writ large. Please join us for a discussion to analyze the rail regulatory experience and to see if there are any lessons to be learned from efforts to impose "common carrier" utility regulations on other sectors in the American economy. Covered topics will include a summary of rail deregulation, how it continues to be challenged and why core tenets of the Staggers Act are especially relevant for salient discussions related to ratemaking and due process under the Fifth Amendment.Featuring:-- George S. Ford, Chief Economist, Phoenix Center for Advanced Legal & Economic Public Policy Studies-- Timothy Strafford, Associate General Counsel and Corporate Secretary, Association of American Railroads-- Moderator: Lawrence Spiwak, President, Phoenix Center for Advanced Legal & Economic Public Policy Studies
What this episode covers
October 14, 2020 marks the 40th anniversary of the enactment of the Staggers Rail Act -- the law that largely deregulated economic dealings within the freight rail sector. So far removed, the anniversary may seem irrelevant, but the opposite is true: rail deregulation serves as an important case study on matters related to competition, markets, rate regulation and capitalism writ large. Please join us for a discussion to analyze the rail regulatory experience and to see if there are any lessons to be learned from efforts to impose "common carrier" utility regulations on other sectors in the American economy. Covered topics will include a summary of rail deregulation, how it continues to be challenged and why core tenets of the Staggers Act are especially relevant for salient discussions related to ratemaking and due process under the Fifth Amendment.Featuring:-- George S. Ford, Chief Economist, Phoenix Center for Advanced Legal & Economic Public Policy Studies-- Timothy Strafford, Associate General Counsel and Corporate Secretary, Association of American Railroads-- Moderator: Lawrence Spiwak, President, Phoenix Center for Advanced Legal & Economic Public Policy Studies
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The Staggers Act Turns Forty: Lessons Learned from Railroad Regulation
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