In response to:

Airfields of Dreams

Dr_Zinj Wrote: Nov 29, 2012 9:14 AM
Investing in new airports is an idiot's choice. DHS has done more to suppress the airline industry than any gang of 9/11 terrorists.
This article was adapted from the Autumn 2012 issue of City Journal.

Despite a bleak decade for air travel—the result of the 9/11 terrorist attacks and the post-2008 economic downturn—local governments, aided by Washington, have been pouring billions of dollars into airport development and expansion. They claim that these expensive, debt-laden facilities will spur growth in economically precarious locales by attracting businesses that want more air connections. But from Cincinnati to the Florida Panhandle, this Field of Dreams approach—build it, and they will come—hasn’t worked.

In 1978, Washington transformed America’s airline industry, deregulating fares, routes, and the entry...