Horse Manure Jason Furman

Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth:

Conclusion

Recent trends in concentration in a range of industries suggest decreasing levels of competition, and many concerning macroeconomic trends seem to suggest that this decrease not just due to increases in economies of scale, but rather that increases in barriers to entry are playing a role. For the sake of both consumers and the macroeconomy as a whole, the Administration has used and will continue to use public policy to address these concerns. Increasing competition has the potential to drive faster productivity and output growth, faster real wage growth, and increased equity. We have moved forward in areas such as intellectual property and patent reform, increasing worker bargaining power, and reforming occupational licensing and land use regulations. While these are examples of positive changes, our work in promoting competition does not end here. The President’s Executive Order will continue to encourage agencies to develop creative solutions for increasing competition by soliciting new ideas on a regular basis. In considering the future of competition policy, we must also keep in mind the way in which changes in the economy, such as digitization, will affect how we evaluate competition effectively.

The Obama administration is accelerating concentration by aggregating up another large entitlement in the medical industry.  The Obama administration could never cover its interest payments without work arounds by the debt cartel. And the Obama administration, and Blue States in general, encourage concentration of union power, especially in government where it is terribly inefficient.

Jason Furman should either be quiet or shut up.