TOTM
The FTC Firings Are About Something Bigger than Policy or Personnel
Truth on the Market
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I practiced antitrust law for almost five decades. For most of that time, if someone asked what I did, I would have to explain what the word “antitrust” meant.
Today, by contrast, antitrust is very much in the news, driven in the recent past by the aggressive actions and even more aggressive rhetoric of the Biden administration’s antitrust enforcers, and most immediately by President Donald Trump’s firing earlier this month of two Democratic members of the Federal Trade Commission (FTC). In many ways, antitrust now serves as a microcosm of all the complexity that has arrived with the Trump administration, and what appears to be its sometimes inconsistent (but always dramatic) actions.