Daily Archives: June 19, 2016


Curbing Monopolies Promotes Growth, Lowers Inequality

Naked Capitalism has the article Curbing Monopolies Promotes Growth, Lowers Inequality.

Classical economists depicted various forms of rent-seeking, such as monopolies, cartels, and other forms of collusion, as destructive and thus needed to be constrained. This study provides more support for that long-standing view by looking at economic effects more broadly than other studies have. It also finds that intervention reduces inequality.

For a long time I have been decrying the lack of enforcement of our anti-trust laws. I am glad to see some evidence that this lack of enforcement has even wider implications than I had assumed.

For a healthy economy, the government has to start doing its job again.  Contrary to what Bill Clinton said, the era of big government needs to return. If you elect Hillary Clinton and she puts Bill in charge of economic recovery, we will have a disaster.   I am trying to warn people about an impending train wreck, but few are listening, and fewer are doing anything about it.