Antitrust craze would unplug technological progress
Monday, July 25, 2022
Always beware of the name given to a piece of legislation. It rarely describes accurately the likely impact of enacting a bill. In fact, statutes often do the opposite of what their names suggest. Take Sen. Amy Klobuchar's, D-Minn., proposed legislation named the American Innovation and Choice Online Act. While everyone likes more choice and innovation, this bill would hinder both as it imposes high costs on consumers. In fact, a more apt name for Klobuchar's bill would be the Anti-Consumer and Stagnation Act of 2022.
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