This Is Why Flying Is So Awful

Almost everywhere you look, there's airline trouble. A tragic crash at LaGuardia Airport. Long lines at airport security. Thousands of cancellations because of bad weather in Dallas and Atlanta. Higher prices. More proposed airline mergers. And a spate of near misses in the sky.

You could blame human error or partisan fights in Washington for some of these issues, but there is a deeper story behind the turbulence: Nearly half a century ago, the U.S. government abandoned its position that regulation and investment were critical elements for America's transportation infrastructure.