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Quotation of the Day…

… is from page 78 of the 1998 Foundation for Economic Education edition of Ludwig von Mises’s 1940 volume Interventionism: An Economic Analysis:

Were the governments really serious about fighting monopolies they would use the effective means they have at their disposal; they would remove the import duties…. Actually, the governments are not interested in eliminating monopolies; rather, they try to create conditions to enable producers to force monopoly prices on the market.

DBx: Yes.

Given the actual history of government policies – including antitrust policies – it is not much of an exaggeration to say that governments are no more interested in eliminating monopoly power than the Ku Klux Klan is interested in eliminating racism.


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