To be fair, it failed in part because fares were frozen without being subsidized. Of course, the fare freeze happened for a good reason: a city where people ca

To be fair, it failed in part because fares were frozen without being subsidized. Of course, the fare freeze happened for a good reason: a city where people can't afford to get around is a city whose economy can't operate. (Let that be a warning to today's MTA leaders.) But if you freeze fares without subsidy during a period of inflation, the operators can't afford to operate, and the system fails.