The Summer of Shortages - with Scott Lincicome
b'Air travel this summer seems broken. \\n\\nOn some days, major airlines have been canceling 10 percent of their flights. In normal times, it\\u2019s something like one in a hundred that are canceled. \\n\\nHow did this happen? Is there an explanation beyond just the obvious \\u2013 which is the turbocharged rebound from the past two years of pandemic-induced turmoil in the airline industry?\\n\\nToday\\u2019s guest thinks there\\u2019s something else going on that the post-covid travel summer has simply revealed.\\n\\nIt\\u2019s a structural problem that predated the pandemic, and he also sees similar forces at work in other industries, including the baby formula crisis.\\n\\nIt\\u2019s the structural roots of crises of scarcity that we get at today, with Scott Lincicome. Scott is at the CATO Institute, a Washington think tank, where\\u2019s he\\u2019s the director of General Economics & Trade Policy Studies. He\\u2019s also a visiting lecturer at Duke University Law School, and spent two decades as a trade law negotiator, advising some of the largest multinationals. He also writes a Substack called \\u201cCapitolism\\u201d. And he\\u2019s with The Dispatch news & analysis site.'