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Tuesday, April 12, 2011

This Takeover Battle Pits Bureaucrat vs. Bureaucrat

“Some methods used to resolve [antitrust disputes between the FTC and Justice Department] belie the stakes involved. In addition to the most recent coin toss—which several people familiar with the matter said the Justice Department won—the agencies have employed the “possession arrow” system borrowed from college basketball, in which they take turns. That prevents either agency from claiming jurisdiction over a company or industry sector in the future.” (Wall Street Journal)

Finally, a century later, some clarity about antitrust law.

FEE Timely Classic

Antitrust Benefits Consumers? It Just Ain’t So!” by Thomas J. DiLorenzo