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The Tom Woods Show

Ep. 1121 The Mundane Truth About the Sherman Antitrust Act

The Tom Woods Show

Tom Woods

News, Government, Politics

4.83.4K Ratings

🗓️ 26 March 2018

⏱️ 26 minutes

🧾️ Download transcript

Summary

Here's how we learn about so-called landmark legislation in school: your wise public servants identified a problem, and then put their heads together in a disinterested, dispassionate way to solve it, and improve life for everyone.
 
In fact, the real roots of legislation often turn out to be far more mundane. The Sherman Antitrust Act, as Patrick Newman explains, is one such example.
 

Transcript

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0:00.0

The Tom Woods Show, episode 1121.

0:03.2

Prepare to set fire to the index card of allowable opinion.

0:07.8

Your daily dose of liberty education starts here, the Tom Woods Show.

0:14.3

Folks, you may have noticed it is impossible to have a rational conversation about guns these days.

0:19.7

The perfect time for my brand new e-book,

0:22.3

your Facebook friends are wrong about guns. Get your free copy at wrongaboutguns.com.

0:30.1

Hey everybody, Tom Woods here. Talking about the Sherman Antitrust Act of 1890 here in this episode,

0:36.0

and I've got probably at least one or two episodes on antitrust

0:39.4

law in general and the economic arguments with respect to them. And I will make sure and link to

0:45.6

that episode or those episodes on the show notes page, which today is tomwoods.com slash 1121.

0:53.4

But for now, what we want to talk about is something a little bit different,

0:57.2

about the motivations behind the act. And it turns out that the motivations behind it were in part

1:03.4

rather more mundane than elevated, put it that way. And joining me to talk about this is the author

1:10.2

of a brand new paper on precisely this topic,

1:13.2

which of course we'll also link to at tomwoods.com slash 1121. And that is Patrick Newman,

1:18.9

who is a professor of economics at Florida Southern College. He's been on the show before. He was

1:23.6

in attendance at the thousandth episode event, which puts him way, way up on my list of awesome people.

1:31.2

And I'm very glad to welcome him to the show right now.

1:33.8

Patrick, welcome back.

1:35.1

Thanks for having me on, Tom.

1:36.4

Love your paper.

1:37.4

We're linking to it at tomwoods.com slash 1120.

...

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