Patrick Newman shows how the Interstate Commerce Commission supplied the enforcement common law would not, with commissioners reading their mandate in the railroads’ favor and cartelization temporarily strengthened at the shippers’ expense.
A transcontinental railroad was unprofitable on market terms, but attractive once Congress supplied land and subsidies.
As governments grow in size and power, some come to believe that this growth can go on indefinitely. But state power, too, has its limitations.
As the federal government continues to metastasize, rolling back state power will have to begin with the state governments. Florida is providing some good examples.
The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.
The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.
Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.
The interference of US sanctions against Cuba are also interfering with airline schedules and are damaging the airline industry.
The US had tried unsuccessfully for more than 60 years to bring down Cuba’s regime, it being done at a huge cost to the Cuban people. The Trump administration’s latest embargo expansion is only making things worse.
