Gauging, Dumping, and Colluding … Whatever!

A little while back someone told me a joke regarding my piece Antitrust & Monopolies:

3 prison convicts meet:

Prisoner 1: “I was charging higher prices than everyone else. They said I was price-gauging.”

Prisoner 2: “I was charging lower prices than everyone else. They said I was price-dumping.”

Prisoner 3: “I was charging the same prices as everyone else. They said I was colluding.”

Ah … the good old ex post justifications! Truly a masterpiece in the world of filth, immorality, and corruption a.k.a the government.


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