The Failure of Federal Aviation Administration Regulation
By Paul A. Cleveland
Jared R. Price

This article appeared in the Summer 2003 issue of The Independent Review


The Federal Aviation Administration has failed in its mission to provide a “safe, secure and efficient global aerospace system” because it lacks the knowledge required to achieve this goal. An appreciation of the knowledge problem helps us to understand why the best public policy for promoting safe and efficient air travel would be either to eliminate the FAA or to privatize it.

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