• Railroad History Suggests Federal Bailouts Could Spell Doom for Airlines

    Railroad History Suggests Federal Bailouts Could Spell Doom for Airlines

    The ultimate lesson of James J. Hill and his Great Northern Railroad is that the “winners” government picks today are the “losers” of tomorrow. A famous saying, especially prescient in times like this, is “those who do not learn from history are doomed to repeat it.” Last month, Congress mortgaged the nation’s future in a …