Articles
Articles and analyses from the INET community on the key economic questions of our time.
Happy Birthday, America. Our Best Tradition Is Taking on the Powerful.
We’ve inherited a stubborn reflex for resisting fatcats, oligarchs, profiteers, and anyone who tries to run roughshod over us.
The New Merger Guidelines: Consumer Welfare vs. Protecting Competition Standards
Should antitrust law focus primarily on measurable performance outcomes such as price and output as indicated by Robert Bork’s Consumer Welfare Standard? Or is it more important to concentrate on whether conduct undermines the competitive process itself as per the newly revitalized Protect Competition Standard?
The Fed, Congress, and the President: The Constitutional Authority to Make Money
The struggle over the Federal Reserve is not just a dispute about central bank independence. It is a constitutional conflict over democratic sovereignty itself: in a representative system, the power to make money belongs first to the legislature, not the executive.