Bush appoints Bernake Chairmen of the Federal Reserve

[tylerdurden]

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More or less it's widely accepted that government needs to intercede in the market(s) to keep the "playing field level." The emergence of monopolistic trusts in the late 19th century led to the enactment of anti trust legislation. In your opinion is there a need for such legislation and if so has it gone too far. Obviously if you feel there's no need for such legislation then it's already gone way to far [img]/images/graemlins/smile.gif[/img].

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Since monopolies only occur when government licenses them, there is no need for anti-monopoly legislation, as long as the government stops creating them.

Antitrust legislation has never, ever, ever been used against a company that "became" a monopoly on its own. They have been used as a club to bludgeon companies that competed successfully and ran a lot of competitors out of business - but a lack of competitors does not mean that competition is being hindered.