If the government restricts supply and subsidizes demand, out-of-control prices, resource shortages, and unpleasant ad hoc coping restrictions will follow. That is the natural (economic) law. The government cannot repeal it. But it can stop its attempt to plan.
Whither Spirit
The grotesque spectacle practically writes itself. For years, the guardians of “consumer welfare” in Washington postured as vigilant sentinels against consolidation in the airline industry, so that when JetBlue sought to acquire Spirit Airlines, the Department of...