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Podcast: Faith and Economics
Episode: Billion Dollar Idea for Airline and Shutdown | #374
Description: 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...