US Agriculture Secretary Mike Johanns recently said that Australia should end its wheat export-marketing monopoly.
In a statement that proves at least one lawyer does understand economics, he stated: “By the nature of things, monopolies tend to be trade distorting.”
We can only wait with bated breath for the US government to call for the end of all coercive monopolies, especially the mintage monopoly, and the monopoly on government.
Is it time for a new Anti-Monopoly League?
