On May 11, Assistant Attorney General Christine Varney announced plans to restore an aggressive enforcement policy against corporations that engage in anti-competitive behavior. Specifically, the Justice Department was revoking legal guidelines that were adopted in September 2008 that made it more difficult to pursue antitrust cases. “The recent developments in the marketplace should make it clear that we can no longer rely upon the marketplace alone to ensure that competition and consumers will be protected,” explained the new head of the Antitrust Division. This policy reversal could be a shot across the bow of the tech industry, with Google and Intel now fearing the sort of legal action that plagued Microsoft in the 1990s. But should the government be going after profitable companies during weak economic times? What makes a merger anti-competitive or a business action monopolistic? How much does antitrust enforcement ultimately benefit the consumer? Please join us for an exploration of these and other issues that lie at the intersection of legal and economic theory and practice.
Featuring the author Angus Deaton, Dwight D. Eisenhower Professor of Economic and International Affairs, Woodrow Wilson School of Public and International Affairs & Economics Department, Princeton University; with comments by Charles Kenny, Senior Fellow, Center for Global Development; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
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December 9, 2013
December 9, 2013
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.