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Faith and EconomicsAuthor: Gwartney Institute
In Faith and Economics, economics professors Dr. Russ McCullough and Dr. Peter Jacobsen and philosophy professor Dr. Justin Clarke discuss big issues that impact economic freedom and human flourishing from a Christian perspective. This podcast is an initiative of the Gwartney Institute at Ottawa University. For more information, contact us at gwartney.institute@gmail.com Language: en-us Genres: Education Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Billion Dollar Idea for Airline and Shutdown | #374
Monday, 29 December, 2025
The discussion centered on Russ’s proposal for a private-sector response to government shutdowns affecting aviation, suggesting airlines create a fund to offer interest-free, short-term loans to cover workers’ paychecks, arguing that the estimated cost (e.g., $114 million for Delta) would be less than airlines’ shutdown-related losses and could save over $1 billion when traveler costs and non-monetary impacts are included. Justin questioned why such a solution had not already been adopted, pointing to information costs or vested interests, while he and Peter analyzed the economic, political, and legal implications of having airlines fund air traffic controllers during shutdowns. The group debated potential benefits and drawbacks, including reduced pressure on the executive branch that might make shutdowns more frequent, and considered whether private solutions could effectively fill gaps left by government absence. The conversation broadened to explore the case for privatizing air traffic control, examining historical reasons for government involvement versus modern technological capabilities, and concluded with plans to discuss additional topics, including a proposed financial initiative for children.
