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Free market economics

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Market Lessons For United Airlines

As widely covered by the media, United Airlines finds itself in a bit of a public relations pickle. Last Sunday, after having overbooked a flight from Chicago to Louisville, Kentucky, and being contractually obligated to transport members of another crew to man a flight out of Louisville, the crew first asked for volunteers to fly out the next day from the already boarded passengers. When no one volunteered, the crew first offered hotel and monetary accommodations in the amount of $400. When the passengers till refused, the crew offered $800, only to finally announce that a computer would randomly select four passengers to be selected to disembark. After having been selected by the computer, and refusing to give up his seat, Dr. David Dao was forcibly removed from the plane by members of the Chicago police. Though contractually empowered to ask a passenger to leave a flight in just such a situation, given the details surrounding the incident, including Dao’s resulting injuries and its being widely shared on social… Keep Reading

Economics/Politics

Did The Free Market Kill Coal?

Would you like to know my secret to turning my environmentalist friends into stalwart defenders of the marketplace? The answer is simple: coal. You would be amazed by the reversal in rhetoric witnessed right before your eyes, typically accompanied by a big dose of schadenfreude aimed at Appalachian people. The “free market killed coal” adage apparently qualifies as ironic humor in leftist circles. Never mind the tens of thousands of families, hundreds of communities, a plethora of near-bankrupt school districts, and so many others left behind in the wreckage of coal’s decline. They’ll laugh as states who have endured generation after generation of poverty face choppy fiscal seas, forcing indelicate, hammer-doing-a-scalpel’s-job reductions in infrastructure, education, and health spending. None of these things seem to matter when it isn’t their political constituency on the destructive end of creative destruction. My instinctual reaction to this “meme-ification” of my home state’s suffering was anger. I wanted to show everyone how truly uncompassionate the left is about these sorts of things. But now… Keep Reading

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