Department of Regulatory Risk

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Clear, aka the "Registered Traveller" program, is no more.  Between airlines that allowed an increasing number of "elite" fliers to jump the security queues, and the TSA itself getting better at making the lines move, the company's value proposition rapidly eroded.  Did competition from the registered traveler program encourage these developments?  I guess we'll find out soon.  

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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