Faith and Economics

Billion Dollar Idea for Airline and Shutdown | #374


Listen Later

The discussion centered on Russ’s proposal for a private-sector response to government shutdowns affecting aviation, suggesting airlines create a fund to offer interest-free, short-term loans to cover workers’ paychecks, arguing that the estimated cost (e.g., $114 million for Delta) would be less than airlines’ shutdown-related losses and could save over $1 billion when traveler costs and non-monetary impacts are included. Justin questioned why such a solution had not already been adopted, pointing to information costs or vested interests, while he and Peter analyzed the economic, political, and legal implications of having airlines fund air traffic controllers during shutdowns. The group debated potential benefits and drawbacks, including reduced pressure on the executive branch that might make shutdowns more frequent, and considered whether private solutions could effectively fill gaps left by government absence. The conversation broadened to explore the case for privatizing air traffic control, examining historical reasons for government involvement versus modern technological capabilities, and concluded with plans to discuss additional topics, including a proposed financial initiative for children.


...more
View all episodesView all episodes
Download on the App Store

Faith and EconomicsBy Gwartney Institute

  • 5
  • 5
  • 5
  • 5
  • 5

5

22 ratings


More shows like Faith and Economics

View all
EconTalk by Russ Roberts

EconTalk

4,283 Listeners

The Commentary Magazine Podcast by Commentary Magazine

The Commentary Magazine Podcast

5,185 Listeners

The Editors by National Review

The Editors

4,896 Listeners

Matt and Shane's Secret Podcast by Matt McCusker & Shane Gillis

Matt and Shane's Secret Podcast

11,561 Listeners

National Review's Radio Free California Podcast by National Review

National Review's Radio Free California Podcast

699 Listeners

Capital Record by National Review

Capital Record

452 Listeners

An Army of Normal Folks by iHeartPodcasts

An Army of Normal Folks

491 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

17,145 Listeners