JSPES, Vol. 27, No. 1 (Spring 2002 )
p. 65-81

Should Airlines be Subsidized in an Emergency? The Libertarian View

Jennifer Dirmeyer, Fred Tulley, Walter Block

The authors apply the theory of an unhampered market economy to the post-September 11 situation of the airlines in the United States, and argue that a government bailout ill-serves the market, misdirecting resources and retarding a consumer-driven adjustment of supply and demand to reflect the new realities of the marketplace.