Airline Deregulation Act (1978)
President Jimmy Carter signed the Airline Deregulation Act in October 1978, phasing out the Civil Aeronautics Board's control over which airlines could fly which routes at what fares. Within a few years, dozens of new carriers launched service.
Airfares fell sharply and passenger volume rose; some new airlines went bankrupt, but the market expanded overall.
The act became the model for later U.S. deregulation and showed that removing entry-point barriers can unlock waves of new businesses.
Boston's licensing reforms attack the same barrier, the entry hurdle, for restaurants. If permitting time falls from months to weeks, the number of viable small openings should rise as it did for airlines after 1978.
