The Smith Anglin Blog

Category: Economy

Stocks were plummeting. Banks collapsed. By mid-October, the New York Stock Exchange had lost half its value from the previous year. The few remaining healthy companies bought out those that failed, and even the most fervent antitrust crusaders fell by the wayside. The economy was already in recession, with industrial production reduced by almost one-third. […]

Notoriously the word inflation is known for creating chaotic discourse and crazy predictions of massive economic catastrophes. Some of it is true—prices for a lot of goods are in fact spiking, and this can certainly have negative effects on the overall economy. Also true is the fact the government “created” $11.8 trillion since the pandemic […]

Hard to believe, but it’s been almost 40 years since a major antitrust action succeeded in U.S. courts. American Telephone & Telegraph had been considered a “natural” monopoly. A straight line could be drawn from inventor Alexander Graham Bell’s American Bell Telephone Co. of the 1880s to the behemoth AT&T had become by the mid-20th […]

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