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.
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Paper Discussed
Revenge: John Sherman, Russell Alger and the Origins of the Sherman Act
Book Mentioned
The Progressive Era, by Murray N. Rothbard
Related Episodes
Ep. 513 Can We Decide on a Main Problem with Socialism? Also: Why the Austrians Are Right About Monopoly (Jeff Herbener)
Ep. 456 Monopoly Is Everywhere, Say Mainstream Economists; Austrians Roll Eyes (Jeff Herbener)
Ep. 232 The Robber Barons and Monopoly
Previous Appearances
Ep. 804 Revisiting the Depression You’ve Never Heard Of
Ep. 418 The Truth About One of Those Pre-Fed Depressions
Listener Website Mentioned
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Audio by Chris Williams Audio.
