The President has authorized some 15 billion dollars to bail out the
airlines and now travel agents and a host of others are asking for help
also. Question: Is there any economic defense for this sort of action?
After all, if the demand for air travel has fallen then isn't the
optimal response to reallocate resources from the airline and related
travel industries into other industries?
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
Email: [EMAIL PROTECTED]
