All Posts Tagged With: "airline bailout"
Welfare for the Rich
Advocates of the free market—including those considered “right-wing” and “conservative”—believe it is wrong to violate property rights. Consequently, they oppose egalitarian measures to steal from the rich and give to the poor. Such “income redistribution” represents naked theft and epitomizes the Founding Fathers’ fears of unfettered democracy. At the same time, champions of laissez faire [...]
1Apr2007 | Robert P. Murphy | 10 comments | ContinuedThe Futility of the Government Airline Bailout
In recent years many airlines have struggled, and following
9/11 Congress passed a massive aid package aimed at rescuing the industry. After years of government aid it is appropriate to ask what has been accomplished.
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