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Bonus Quotation of the Day…

… is from page 95 of Tyler Cowen’s just-released (2019) book, Big Business: A Love Letter to an American Anti-Hero:

Furthermore, one of the big problems with the domestic airline market is that foreign carriers, by law, are not allowed to serve domestic routes. Repealing that law would usher in much more competition and a new era of low-fare flights. So often when there is monopoly or partial monopoly, it is actually regulation that is at fault.


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