Archive Report
Archive Report
Rising Support for Deregulation
Inflationary Impact of Federal Controls
Reacting to complaints about the rising volume and costs of federal regulations, Congress and the White House are searching for ways to take the government out of the regulation business. Congress passed legislation last October that will eventually end most federal regulation of commercial passenger airlines. A top priority of the Carter administration, the new law is intended to increase airline competition by phasing out most fare and rate controls. Already some ticket prices have fallen as airline companies compete with each other for new business. And instead of disaster — as some airlines had predicted — the industry has prospered as both ridership and profits have increased.
Buoyed by the apparent success of the airline deregulation act, ...