On Monday, May 18, 2015 at 1:43:20 PM UTC-4, Adam H. Kerman wrote:   
      
      
   > Rates were set in collusion, but the big monied interests challenged   
   > each other at times and colluded at other times. It's just not possible   
   > to maintain cartels in American business on a permanent basis.   
      
   Very powerful cartels were maintained for _decades_ back then.  Even TR's   
   reforms didn't put a stop to all of them; it took the reforms of the New Deal   
   (ie the SEC, Glass-Stegal, and other stock market regulations) to really put a   
   stop to the abuses.  (   
   of course, in recent years, things like that have been repealed with   
   disasterous effects*).   
      
      
   > Point is that you're completely wrong about the harm caused by airline   
   > price gouging. I sure as hell don't want the Civil Aeronautics Board   
   > restored because you don't understand that the price rises due to temporary   
   > supply shortages, and that this is an economic benefit.   
      
   Wild price flucuations are bad for the economy, which is why efforts were made   
   over the last century to mitigate such cycles.   
      
   Regulation certainly has its problems, but in looking back on the state of   
   various industries pre- and post- regulation, in some cases a regulated   
   industry performed better.   
      
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