Thursday, March 8, 2018

EV Ehrlich: wrong again

EV undersecretary of commerce for economic affairs during the Obama era...lacks a working knowledge of what constiutes a monopoly. Indeed...without government protection...there can't be monoploy...there can only be a group of competitors attempting to deliver what consumers want most, (WSJ A-16;03-08-18). If FACEBOOK were to become something people didn't like to use...for example...Zuckerberg would lose his fortune and have to get a job flipping burgers. It's called "an otherwise unhampered market"...something EHRLICH can't imagine.