Dear Capitolisters,
As you (hopefully) read in Monday’s Morning Dispatch, President Joe Biden late last week issued an extensive executive order “encouraging more than 12 federal agencies to carry out a total of 72 different initiatives aimed at increasing competition and fighting what the White House described as a ‘trend of corporate consolidation.’” As your faithful Morning Dispatchers note, the order itself is essentially toothless because it leaves implementation to the targeted agencies through rulemaking and enforcement.
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Scott Lincicome is an author of the Dispatch Markets newsletter, vice president of general economics and trade at the Cato Institute, and a visiting lecturer at Duke University Law School. He wrote the Capitolism newsletter at The Dispatch from 2020 through 2026.
