Forty years ago, President Jimmy Carter signed the bipartisan Airline Deregulation Act of 1978 into law, which marked a gradual ascent into a new era of innovation in our domestic air transportation system. Replacing heavy-handed government micro-management with a lighter touch that allowed free markets to evolve was not an easy task, but the results were well worth the struggle. Those of us stepping on an airplane today should pause to remember that without deregulation, we’d be doing so with much thinner wallets — or perhaps not doing so at all.
Read full story here.