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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 (null) The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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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...