All Posts Tagged With: "Sherman Antitrust Act"
Forked-Tongued Washington Government
The Sherman Antitrust Act of 1890 was the first federal statute to limit cartels and monopolies and still forms the basis for most antitrust litigation by the Department of Justice. The Act contains two important provisions. Section 1 outlaws contracts and conspiracies in restraint of trade. Section 2 prohibits monopolization and attempts to monopolize. Most [...]
24Aug2011 | Walter E. Williams | 3 comments | ContinuedCompetition and Monopoly: A Refresher
“Gym Now Stresses Cooperation, Not Competition,” blared a headline in the New York Times a decade ago. The story was about an elementary school where “confrontational” games, team sports, and elimination rounds were changed or scrapped so that differences between students’ athletic abilities would be minimized. Perhaps this is fine for grade-school gym class, but [...]
21Apr2011 | Lawrence W. Reed | 2 comments | ContinuedUnions and Antitrust: Governmental Hypocrisy
Section 1 of the Sherman Antitrust Act states that “every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce . . . is hereby declared to be illegal.” Notwithstanding that the antitrust laws have been used to favor particular competitors rather than the competitive process, the Act [...]
1Feb2000 | Charles W. Baird | 0 comments | ContinuedUnrestrained Appetites, Unlimited Government
The federal government was supposed to be limited to a few defined powers. The Tenth Amendment to the Constitution—“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people”—confirms it. The federal government, of course, does not at [...]
1May1998 | Jeffrey R. Snyder | 6 comments | ContinuedHow Much Do You Know About Liberty? (a quiz)
Try your hand at answering the following questions: 1. What method of resolving disputes did trial by jury replace? 2. Which great American patriot was called the “Prince of Smugglers”? 3. What bulwark of American liberty do we owe to the Antifederalists? 4. How many slaves were liberated by Lincoln’s Emancipation Proclamation? 5. After the [...]
1Jun1996 | FEE Admin | 0 comments | Continued-
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