On past performance, the probability that Senator Edward Kennedy would agree with Professor Milton Friedman on an economic issue would appear to be roughly the same as that a team of monkeys might type the works of William Shakespeare.
Such an odd conjunction, however, has occurred twice over in recent years, both times in the matter of transit regulation by the Federal Government. The first time around, it was deregulation of the airlines, which after many years of hammering by conservative economists became the vogue among liberal politicians. This time, it’s deregulation of the trucking industry.
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