"With anti-trust laws, as with regulatory commissions, a sharp distinction must be made between their original rationales and what they actually do. The basic rationale for anti-trust laws is to prevent monopoly and other conditions which allow prices to rise above where they would be in a free and competitive marketplace. In practice, most of the famous anti-trust cases in the United States have involved some business that charged lower prices than its competitors. Often it has been complaints from these competitors which caused the government to act."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Thomas Sowell, Basic Economics (2010), Ch. 7. Big Business and Government
https://en.wikiquote.org/wiki/Regulation
Revision History
No revisions have been submitted for this quote.
Categories
Regulation
11 quotes on TrueQuotesView all quotes by Regulation →
Related Quotes
"The general rule, at least, is that while property may be regulated to a certain extent, if regulation goes too far i…"
"It is hardly lack of due process for the Government to regulate that which it subsidizes."
"Europe’s once formidable industrial base has eroded in large part due to the ever rising burden of regulation. German…"
"I would take to be quite a fool any man who would make a book full of laws and statutes for an apple tree telling it …"
"Power over the rules is real power. That's why lobbyists congregate when Congress writes laws, and why the Supreme Co…"
"Trade is a social act. Whoever undertakes to sell any description of goods to the public, does what affects the inter…"
"American society experienced a virtual explosion in government regulation during the past decade. Between 1970 and 19…"
"Although the functions of a regulatory commission are fairly straightforward in theory, in practice its task is far m…"
"The economic complexities involved when regulatory agencies set prices are compounded by political complexities. Regu…"
"Will one of you gentlemen tell me in what civilized country of the earth there are important government boards of con…"