I hope the Admin is simply using inflation as a way of adding urgency to the promotion of competition. That is a possible reading of this important article. I strongly support much of the Admin’s competition agenda.
However, as described, hipster Brandeisian antitrust, with which the Admin and its appointees flirt, is more likely to raise than lower prices.
To start, increases in prices and profit margins are what happens when competitive industries experience increases in demand. That is what calls forth increased supply. This is how a market system operates.
There is no basis in economics for expecting increases in demand to systematically larger price increases for monopolies or oligopolies than competitive industries.
Larry Summers Tweets. Mr. Summers is an American economist who served as the 71st United States Secretary of the Treasury. He is a former president of Harvard University (2001–2006),[1][2] where he is currently a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.
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