Machinists Call for Airline Re-Regulation

Larry Dighera wrote:


I'm afraid I don't understand how government regulation "directs an
artificial amount of money towards certain people," unless your
referring to corrupt government regulators and politicians.

Well to start, think about the recent in-group discussions on E85 and
its biofuel ilks. I wouldn't call the politicians "corrupt" per se (not
breaking any laws -- or at least they don't have to !), but simply
effective (at getting elected).

Or for a more formal treatment, try Economics: Private & Public Choice,
by Gwartney, Stroup, Sobel, Macpherson... Ch 6 "The Economics of
Collective Decision Making", or most any other college freshman Econ
text....