Chapter 8. Capturing the Regulations

from Mises Media Hosted by Patrick Newman

The Federal Trade Commission’s first chairman institutionalized “advance advice” and uniform cost accounting, letting businessmen define what counted as unfair competition and making it harder to sell below a given margin. Patrick Newman then tracks the reversal as Wilson appointed opponents of big business, and the recapture under Harding and Coolidge, when the commission enforced cartel agreements and Hoover’s Commerce Department added subsidies and patent restrictions.

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Chapter 8. Capturing the Regulations

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This episode was published on September 16, 2026.

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