Are “Prices” A Language? Are Antitrust Laws Grounded In The First Amendment? How Do We Forestall The “Frightful Five” And Other Monopolies? Oh, And Happy Halloween! (October 30, 2017)

. . .

K          “Prices for goods and services are a language spoken with numbers (7) not letters (L).”

J          “I love language.  French is the language of love and the language of diplomacy.  Accounting is the language of business.  So Prices are the language of a free market economy?”

K          “Yes.  Russian is one of the languages of literature.”

J          “So is French.”

K          “And English.”

. . .

K          “Monopolies distort Prices which distorts speech.  By distorting Prices, the public is making inaccurate and incomplete decisions and paying more for goods and services while the corporations are not internalizing externalities.”

J          “Price may just be the real Esperanto.”

. . .   

J          “The current monopolies are in part the consequence of acts of commission and even more often acts of omission by the government.”

K          “The problem with my analysis is that the First Amendment is a restriction on government activity not a requirement for government action.”

J          “So the Constitution is unavailing.  We are stuck with Congress, the executive agencies and the courts to protect us.”

K          “They do not speak our language.”

. . .

[See the interview by Terry Gross with the tech columnist Farhad Manjoo with “The New York Times” who cautions that the “Frightful Five” (Amazon, Google/Alphabet, Apple, Microsoft and Facebook) are more powerful than the governments on the “Fresh Air” radio program titled “How 5 Tech Giants Have Become More Like Governments Than Companies” on October 26, 2017.]

Bumper stickers of the week:

Spanish is the language a man uses to talk to his God;

French is the language a man uses to talk to his wife;

Italian is the language a man uses to talk to his mistress;

German is the language a man uses to talk to his mule.

And English is the language a man uses to fly a plane or to surf the web or to engage in international discourse.  You create it, you talk it.

And Price is the language a man and a woman use to value and exchange resources.

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