4 Pages Posted: 2 Mar 2004
The Air Transportation Stabilization Board has followed its legislated mandate to provide appropriate stabilization to airlines for negative effects from the September 11 tragedy, but has not mission crept into saving airlines from pre-9/11 maladies. A laissez-faire libertarian who philosophically abhors industrial policy may have reason to feel comfortable that this program to assist an industry directly harmed by terrorism has provided an effective policy model for those rare circumstances when government intervention may be necessary.
Keywords: September 11, libertarian, airline industry, ATSB, Air Transportation Stabilization Board,
JEL Classification: L5, L93, H1
Suggested Citation: Suggested Citation
Hemphill, Thomas A., Can a Libertarian Accept the ATSB?. Regulation, Vol. 26, No. 1, pp. 10-11, Spring 2003. Available at SSRN: https://ssrn.com/abstract=500046