Quotation of the Day…

(Don Boudreaux)

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… is from page 11 of the original, 1982 edition of Dominick Armentano’s superb but regrettably neglected volume Antitrust and Monopoly: Anatomy of a Policy Failure:

[T]he weight of the general evidence is that the firms indicted under the antitrust laws were not abusing consumers, and that the laws have tended, instead, to protect competitors and reduce efficiency throughout the market.

DBx: Pictured here is Sen. John Sherman (R-OH), the protective-tariff-loving politician whose name adorns the world’s first national “antitrust” statute.