… is from page 275 of the late Werner Troesken’s 2002 Review of Austrian Economics article, “The Letters of John Sherman and the Origins of Antitrust“:
Sherman’s letters reveal that he was more concerned with protecting the interests of small and inefficient businesses than with protecting the interests of consumers.
DBx: Indeed. Antitrust policy was born as a scam to suppress competition in favor of politically influential producers and other rent-seekers, it has always been used in this noxious manner, and it continues to be such a scam.
Share
