Tuesday, April 23, 2019

Trump is the True Blue Champion Of...

A Don Boudreaux letter to The Wall Street Journal:

You are correct to bemoan the Trump
administration’s attempt to block the merger of Sprint and T-Mobile (“Justice Drops Another Call,” April 22). If the administration’s antitrust enforcers get their way, competition in the wireless market will indeed be stymied.
But give the administration credit for consistency: its use of antitrust to prevent domestic firms from competing more vigorously for consumers’ dollars is on all fours with its use of tariffs to prevent foreign firms from competing more vigorously for consumers’ dollars.
In Mr. Trump, monopoly power has found a true-blue champion.
Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030

The above originally appeared at Cafe Hayek.

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