In 1938 the airline business was brand new— only 35 years had passed since the Wright brothers’ first flight at Kitty Hawk. Hardly anyone had even seen an airplane. A coast-to-coast round trip cost about $260, half the price of a new car, so passengers were mostly very wealthy. The airlines were small, and during […]

Source: America Got Rich on Competition, Then Legislated It Away – LewRockwell