Return of the Trust-Busters;White House Shows Antitrust Initiatives As Sherman Act Centennial Approaches

From: The Washington Post | Date: June 17, 1990| Author: Steven Mufson | Copyright information

Libertarians from the Cato Institute say the Bush administration should celebrate the centennial of the trust-busting Sherman Act on July 2 by simply abolishing it.

Influential economists from the so-called Chicago School believe the 100-year-old antitrust act should be invoked only when a proposed merger would detract from "economic efficiency," with less regard to whether it might cause prices to rise or competitors to fail.

Some ambitious Democrats plan to use the annive...