“Under the antitrust laws, a man becomes a criminal from the moment he goes into business, no matter what he does. If he complies with one of these laws, he faces criminal prosecution under several others. For instance, if he charges prices which some bureaucrats judge as too high, he can be prosecuted for monopoly or for a successful 'intent to monopolize'; if he charges prices lower than those of his competitors, he can be prosecuted for 'unfair competition' or 'restraint of trade'; and if he charges the same prices as his competitors, he can be prosecuted for 'collusion' or 'conspiracy.'” IfsMenDoeMatterMomentsFacesLawSuccessfulJudgingNo Matter WhatTradeCompetitionCriminalsInstanceConspiracyUnfairRestraintCompetitorsMonopolyBureaucratsProsecutionCollusionAntitrustAntitrust Laws Book:Capitalism: The Unknown Ideal Source: Capitalism: The Unknown Ideal
“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.” MomentsGovernmentHappensAreasTradePatternsVariousBalancedGlobesDeficitSurplus Book:Contributions to Modern Economics Source: Contributions to Modern Economics