During the 1970s, Kennedy was instrumental in deregulating the interstate trucking industry and airline ticket prices, two innovations that have vastly improved the quality of life in America even as—or more precisely, because—they pushed power out of D.C. and into the pocketbooks of everyday Americans. We are incalculably richer and better off because something like actual prices replaced regulatory fiat in trucking and flying. Because they do not fit the Ted Kennedy narrative preferred by his admirers and detractors alike, these accomplishments rarely get mentioned in stories about the late senator. But they are exactly the sort of legislation that we should be celebrating in his honor, and using as a model in today's debates about health care, education, and virtually every aspect of government action.--Nick Gillespie
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Saturday, August 29, 2009
Quote of the day
Labels:
limited government,
quotes,
remembrance
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