Revealing the Reality of Antitrust - Gary Galles - Mises Daily: "Antitrust keeps superior products and marketing strategies from harming rivals, but since every innovation that benefits consumers takes business away from rivals, halting such innovation harms consumers. It inhibits superior firms from passing on their efficiencies to consumers in lower prices; it does so by restricting their ability to cut prices for some (without enabling them to raise prices for others), or by invoking the mythical bogeyman of predatory pricing. It also restricts their growth, even when consumers will be better served by moving more production into the hands of lower cost firms."
"[Producers] have no reason to subsidize retailers through excess markups, which would lower their profits. Producers only impose minimum retail prices when they expect to benefit, which is only true when they believe that consumers value the extra retail services bought with the higher markup more than they value the money they must spend on the increased retail price"
Thursday, January 06, 2011
Fear and Control: The TSA Case - Chris Waidele - Mises Daily
Fear and Control: The TSA Case - Chris Waidele - Mises Daily: "Because getting on a plane is tougher these days, don't you think that a terrorist would just try something else? Are there terrorist bombs, fires, and shootings going on around the country on a daily basis?"
"any terrorist with the most basic intelligence will know the security procedures and find a way to circumvent or avoid them."
"any terrorist with the most basic intelligence will know the security procedures and find a way to circumvent or avoid them."
Missouri's Mover Monopoly | Timothy Sandefur | Cato Institute: Commentary
Missouri's Mover Monopoly | Timothy Sandefur | Cato Institute: Commentary: "the government won't let you open your doors unless you first get permission from all your existing competitors.
Bizarre as it might seem, that's just the law that St. Louis entrepreneur Michael Munie ran into when he asked the state's Department of Transportation for a permit to operate a statewide moving company. Under a seventy-year old law, MoDOT cannot issue a permit without first notifying the existing moving companies and giving them the chance to object."
Bizarre as it might seem, that's just the law that St. Louis entrepreneur Michael Munie ran into when he asked the state's Department of Transportation for a permit to operate a statewide moving company. Under a seventy-year old law, MoDOT cannot issue a permit without first notifying the existing moving companies and giving them the chance to object."
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