Lately there has been a push to replace economic analysis in antitrust with rules of thumb such as “a firm of size X is inherently bad.” This is a bad idea, and the ongoing Epic Games Inc. v. Apple Inc. trial demonstrates the point. Read Dr. Jamison's complete blog post at AEI.
Facebook’s Oversight Board has punted on whether to reinstate former President Donald Trump’s Facebook account or permanently close it. Facebook indefinitely banned Trump from the social media site based on his posts during the January 6 Capitol Hill riot, then referred the issue to the board. On Wednesday, the board — which was established to [...]
A 2019 Department of Justice (DOJ) opinion concluded that the president may direct independent agencies such as the Federal Communications Commission (FCC) to submit regulatory actions for review, including cost-benefit analyses of the intended actions. I’ll defer to others on whether such a move is legal, but White House control of FCC regulatory analysis is [...]
Sen. Josh Hawley (R-MO) has introduced legislation he dubbed the “Trust-Busting for the Twenty-First Century Act.” It has no cosponsors and no companion bill in the House of Representatives. Perhaps others in Congress are skeptical. If they are, it would be for good reason: The proposed law would damage the people it purports to help. [...]
According to members of Congress, American journalism is on the ropes. “Newspapers are locked in a life-or-death struggle with tech giants,” said Sen. John Kennedy (R-LA). “We have seen thousands of news organizations crushed by the monopolistic power of Big Tech,” according to Rep. Ken Buck (R-CO). And Sen. Amy Klobuchar (D-MN) argued “media outlets [...]