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> Airlines lost those regulations under Reagan. Not really relevant to the main discussion, but I think it is important to make sure readers are exposed to acc
by my_first_acct 10y ago
> Airlines lost those regulations under Reagan.
Not really relevant to the main discussion, but I think it is important to make sure readers are exposed to accurate (though perhaps overly detailed) historical information.
According to [1] and [2], talk of US airline deregulation began during the Nixon administration, and picked up speed in the Ford administration. In 1975 the US Senate began pushing towards airline deregulation, under the leadership of Sen. Ted Kennedy (not the first politician who comes to mind when you think of reducing government regulation).
The Airline Deregulation Act was signed into law by Jimmy Carter in 1978, who already in 1977 had appointed a well-known proponent of deregulation, the economist Alfred E. Kahn, to head the Civil Aeronautics Board (the government agency in charge of regulating airline routes and prices).
The Civil Aeronautics Board indeed lingered on until the Reagan administration abolished it in 1985, but the 1978 Airline Deregulation Act is when it effectively lost control.
[1] https://en.wikipedia.org/wiki/Airline_Deregulation_Act https://en.wikipedia.org/wiki/Airline_Deregulation_Act
[2] https://en.wikipedia.org/wiki/Airline_deregulation#Introduction https://en.wikipedia.org/wiki/Airline_deregulation#Introduct...