Re: A hypothetical exam essay question

[G. Stewart]

A further contribution, from a friend:   "All of your questions (except the last one) imply a transfer of resources towards flying.  Why subsidize flyers?  If we're going to tax and transfer there are a lot of competing candidates! (as your last question implies - counter-terrorism is one possible direction.) Of course, it might be argued that flying is somehow essential and therefore 'something' must be done to preserve the industry but Landsberg would argue that nothing is the answer.  If it is argued that Landsberg is wrong, that private resources just cannot reallocate themselves fast enough to keep planes in the air and  that it is somehow critical that planes be kept in the air then I would prefer your solution to bailing out shareholders."     Gail Stewart [EMAIL PROTECTED]