Time for Congress to Cancel the FTC’s Section 5 Antitrust Blank Check

Geoffrey A. Manne & Berin Szoka December 20, 2012

Forbes View Original Source

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A debate is brewing in Congress over whether to allow the Federal Trade Commission to sidestep decades of antitrust case law and economic theory to define, on its own, when competition becomes “unfair.” Unless Congress cancels the FTC’s blank check, uncertainty about the breadth of the agency’s power will chill innovation, especially in the tech sector. And sadly, there’s no reason to believe that such expansive power will serve consumers.

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