Sen. Amy Klobuchar (D-MN) and retired US Army Gen. Wesley Clark teamed up in an Open Markets Institute forum to argue in support of current efforts in Congress to rewrite the meaning of antitrust in the US. These efforts include Klobuchar’s American Innovation and Choice Online Act (AICOA), the Competition and Antitrust Law Enforcement Reform Act (CALERA), and the Open App Markets Act (OAMA).

Klobuchar and Clark are certainly entitled to their opinions on the legislation, and I have stated mine on more than one occasion. But as former Sen. Daniel Patrick Moynihan (D-NY) wrote, “Everyone is entitled to his own opinion, but not his own facts.” Klobuchar and Clark’s arguments contained factual errors, such as Clark’s claim that trust-busting opened the US economy. Academic studies have found that antitrust has often had the opposite effect, as has regulation in general.

Read Dr. Jamison’s complete blog post at AEI.