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.
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.
