The Spirit Airlines Paradox
Without smart regulation, price competition turns into a race to the bottom.

Without smart regulation, price competition turns into a race to the bottom.

Places like St. Louis and New York City were once similarly prosperous. Then, 30 years ago, the United States turned its back on the policies that had been encouraging parity.

Unless a number of trends are soon reversed, the Baby Boomers are headed for a disastrous retirement
“The children are not, for some reasonmay God please tell them what it isin good shape.”So wrote Midge Decter, essayist, book and magazine editor, “enlightened middle-class liberal,” and mother of three, in the February Atlantic. Her essay considered the ways these children (the generation that has just reached adulthood) fall short of their parents’ expectations, and argued that parental indulgence, naïveté, caprice, and moral insensitivity have contributed to the malaise. Herewith a sample of responses to Ms. Decter’s “open letter.”