Bonus Quotation of the Day…

by Don Boudreaux on October 24, 2020

in Antitrust, History, Myths and Fallacies

… 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.


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