Saturday, July 3, 2010

Regulatory Flights of Fancy

The American Spectator has a brief, but informative, article on current Congressional rumblings to reregulate the airline industry.  See Iain Murray & Roger Abbott, Regulatory Flights of Fancy, Am. Spectator, July 2, 2010 (available here).  From the lead paragraph:

In Washington, D.C., everything old is new again. Keynes is back as the defunct economist our politicians are in thrall to, wind and solar are the power sources of the future, just as they were in the seventies, and, after two decades in which entrepreneurs and industry were freed from the crippling hand of regulation, re-regulation is now the order of the day. The latest target is the domestic airline industry, and if Congress wanted to kill it off, they couldn’t be picking a better way.

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