Years ago, I wrote a piece on deregulation of all kinds and developed a mini-obsession about the absurdity of the airline sort. It had produced bankruptices, savage wage-cutting, union-busting, awful service, and the abandonment of marginal cities while not producing any improvement in affordability. It’s hard to get people to believe this, but it’s true. Matt Yglesias is out with a post (“Passenger Aviation in the United States: 40 Years of Failure”) on how the airline industry is a “stunning business failure.” Is it ever. But he doesn’t mention deregulation. The industry… Read More