Airport Security Signals

Lars Christensen has a theory of airport security:

…my theory is that if you meet an unfriendly bureaucrat at the security check in the airport then it is also very likely it will be hard to start a business in that country. Therefore, I tend to think of airport security as an indicator of the level of government regulation of the country’s economy. This is something that makes me terribly bearish on the US’ long-term growth perspectives every time I encounter a TSA official in an US airport – and makes me terribly depressed about the prospects for Ukraine and it gives me an understanding of why the Scandinavian countries ‘works’ well despite excessively large public sectors.

It was therefore a pleasure today to meet friendly and efficient people at the security check in Chopin airport (Poland). And if my theory has any value this is an indication that Poland has “matured” and the level of regulation is luckily getting lighter. That is good news. So now I am thinking of raising my long-run growth forecasts for Poland…

I recently asked my young son whether he thought he could travel by himself to visit his grandmother in Victoria, Canada. He said that he could navigate the airports fine and getting into Canada was no problem but he was afraid of the security people coming back into the United States. Bear in mind that my son is American.


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