Last year, I explained the theoretical argument against antitrust laws, pointing out that monopoly power generally exists only when government intervenes. There’s monopoly power when government takes over a sector of the economy (i.e., air traffic control, Postal Service, Social Security, etc). There’s monopoly power when government prohibits or restricts competition in a sector of […]

via Markets Should Guide Mergers, not Politicians and Bureaucrats — International Liberty

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