Tag: planes

“Before deregulation, a cross-country flight could cost thousands of dollars (inflation adjusted) and would take all day. Afterward, travelers benefited from myriad choices that dropped prices and promoted innovation in scheduling and aircraft design.
It’s not as bougie to fly these days, but almost everyone can now afford to do it. Yet the nostalgia never ends. “The professor obviously never talked to passengers, pilots, flight crews, investors and airline executives,” author Rene Henry argued last year. “All were happy with regulation and the way things were.”

Of course, passengers, pilots, airline executives, and investors liked the old system. Passengers were usually wealthy or engaged in business travel. Airlines didn’t have to worry about upstart competitors. Investors were largely guaranteed a huge return. For the rest of Americans, well, they were stuck taking Greyhound or driving. The number of airline travelers increased from 383 million in 1970 to 4.4 billion today.”

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“Carter also signed laws deregulating trucking, rail, and telecommunications, which paved the way for transformative innovations that have vastly improved our lives. “He set up cabinet-level oversight councils to review the new agencies’ most important regulatory proposals and to encourage more cost-effective forms of regulation,” wrote Susan Dudley in an article appropriately title, “Jimmy Carter, The Great Deregulator.”

Many of us remember when Vice President Al Gore, who during a 1999 interview when he was running for president, boastfully said, “I took the initiative in creating the Internet” based on legislation he authored in Congress. Carter never claimed to help create the resulting technologies, which emanated from private-sector savants. But he helped enable everything from FedEx to the iPhone by dismantling government rules that impeded these developments.

“Freight deregulation was key to our modern, robust supply chains where customers can find just about anything in retail stores across the country, and next-day shipping is the norm,” explained the transportation journal Freight Waves in its remembrance of Carter.

Many progressives and populists now complain about the results of these emergent industries as they ramp up antitrust efforts and wax poetically about an ideal past that never existed. Criticize Carter if you choose, but much of the progress we take for granted would never have emerged without deregulation. He wasn’t only a fine man, but a notable president.”

https://reason.com/2025/01/10/thank-jimmy-carter-for-cheap-airfare/