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	<title>Comments on: Dr. Miles (1911-2007)</title>
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	<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/</link>
	<description>Academic commentary on law, business, economics and more</description>
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		<title>By: David Sucher</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6843</link>
		<dc:creator><![CDATA[David Sucher]]></dc:creator>
		<pubDate>Mon, 02 Jul 2007 15:31:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6843</guid>
		<description><![CDATA[&quot;...antitrust is concerned with maximizing consumer welfare...&quot;

I believe that this statement is historically questionable and totally-wrong from a going-forward policy perspective as it ignores the political aspect -- the concentration of power, period -- anti-trust law seeks to prevent.

Can I prove it by reference to the documents? Not any longer; I am an amateur at this. But I took anti-trust from a well-respected practitioner and I remember being struck at how successful Bork et al had been in de-fanging (and I believe) distorting anti-trust into a very narrow focus of &quot;consumer welfare,&quot; not even &quot;consumer welfare&quot; writ large.

You cannot separate economic and political power.]]></description>
		<content:encoded><![CDATA[<p>&#8220;&#8230;antitrust is concerned with maximizing consumer welfare&#8230;&#8221;</p>
<p>I believe that this statement is historically questionable and totally-wrong from a going-forward policy perspective as it ignores the political aspect &#8212; the concentration of power, period &#8212; anti-trust law seeks to prevent.</p>
<p>Can I prove it by reference to the documents? Not any longer; I am an amateur at this. But I took anti-trust from a well-respected practitioner and I remember being struck at how successful Bork et al had been in de-fanging (and I believe) distorting anti-trust into a very narrow focus of &#8220;consumer welfare,&#8221; not even &#8220;consumer welfare&#8221; writ large.</p>
<p>You cannot separate economic and political power.</p>
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		<title>By: OMW</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6842</link>
		<dc:creator><![CDATA[OMW]]></dc:creator>
		<pubDate>Mon, 02 Jul 2007 14:04:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6842</guid>
		<description><![CDATA[Excellent analysis, Lambert.  The Court reached a correct decision both legally and economically.]]></description>
		<content:encoded><![CDATA[<p>Excellent analysis, Lambert.  The Court reached a correct decision both legally and economically.</p>
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		<title>By: TRUTH ON THE MARKET &#187; Evaluating Leegin</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6841</link>
		<dc:creator><![CDATA[TRUTH ON THE MARKET &#187; Evaluating Leegin]]></dc:creator>
		<pubDate>Sun, 01 Jul 2007 01:59:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6841</guid>
		<description><![CDATA[[...] Reader on Dr. Miles (1911-2007).Reader on Dr. Miles (1911-2007).abc on Dr. Miles (1911-2007).TRUTH ON THE MARKET &#187; My Take on Credit Suisse . . . on Credit Suisse and &quot;Sector Regulation&quot;: SCOTUS Picks the Right Poison.Keith Sharfman on Dr. Miles (1911-2007).A Stitch in Haste on Dr. Miles (1911-2007).TRUTH ON THE MARKET &#187; Dr. Miles (1911-2007) on A Response to Commissioner Harbour&#039;s &quot;Open Letter&quot; on Leegin.TRUTH ON THE MARKET &#187; Dr. Miles (1911-2007) on A New Defense of the Per Se Prohibition Against RPM?.TRUTH ON THE MARKET &#187; Majoras Responds to Conyers Regarding Leegin on More Stuff on Leegin.Reader on Dr. Miles Overruled!!!. [...]]]></description>
		<content:encoded><![CDATA[<p>[...] Reader on Dr. Miles (1911-2007).Reader on Dr. Miles (1911-2007).abc on Dr. Miles (1911-2007).TRUTH ON THE MARKET &raquo; My Take on Credit Suisse . . . on Credit Suisse and &#8220;Sector Regulation&#8221;: SCOTUS Picks the Right Poison.Keith Sharfman on Dr. Miles (1911-2007).A Stitch in Haste on Dr. Miles (1911-2007).TRUTH ON THE MARKET &raquo; Dr. Miles (1911-2007) on A Response to Commissioner Harbour&#8217;s &#8220;Open Letter&#8221; on Leegin.TRUTH ON THE MARKET &raquo; Dr. Miles (1911-2007) on A New Defense of the Per Se Prohibition Against RPM?.TRUTH ON THE MARKET &raquo; Majoras Responds to Conyers Regarding Leegin on More Stuff on Leegin.Reader on Dr. Miles Overruled!!!. [...]</p>
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		<title>By: Reader</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6840</link>
		<dc:creator><![CDATA[Reader]]></dc:creator>
		<pubDate>Sat, 30 Jun 2007 04:16:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6840</guid>
		<description><![CDATA[I also love this passage: &quot;More importantly, the majorityâ€™s ruling can be easily â€œfixedâ€ if Congress does, in fact, believe VRPM should be condemned absolutely. (And with this Congress, who knows.)&quot;

Y&#039;all ought to just &lt;i&gt;love&lt;/i&gt; the Warren Court, right? I mean, if the people disagree, they can just &quot;fix&quot; it through the Amendment process! It&#039;s the Court&#039;s place to make policy as it pleases, right? If the people disagree with the Court&#039;s policy-making judgments, why, they can just overturn &#039;em!

If that&#039;s judicial conservatism, then the KC Royals are a great baseball team.]]></description>
		<content:encoded><![CDATA[<p>I also love this passage: &#8220;More importantly, the majorityâ€™s ruling can be easily â€œfixedâ€ if Congress does, in fact, believe VRPM should be condemned absolutely. (And with this Congress, who knows.)&#8221;</p>
<p>Y&#8217;all ought to just <i>love</i> the Warren Court, right? I mean, if the people disagree, they can just &#8220;fix&#8221; it through the Amendment process! It&#8217;s the Court&#8217;s place to make policy as it pleases, right? If the people disagree with the Court&#8217;s policy-making judgments, why, they can just overturn &#8216;em!</p>
<p>If that&#8217;s judicial conservatism, then the KC Royals are a great baseball team.</p>
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	<item>
		<title>By: Reader</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6839</link>
		<dc:creator><![CDATA[Reader]]></dc:creator>
		<pubDate>Sat, 30 Jun 2007 04:11:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6839</guid>
		<description><![CDATA[Y&#039;all are pretty funny, esp. abc. This case isn&#039;t close -- it&#039;s dead wrong &amp; &lt;i&gt;Dr Miles&lt;/i&gt; should yet live.

I love the hilariously obtuse reasoning above about why the 1975 CGPA doesn&#039;t make this a simple open &amp; shut case. Thom writes: &quot;In repealing the Act, the 1975 Congress again subjected RPM to antitrust scrutiny, but it did not mandate a particular standard to govern such scrutiny.&quot;

Sure, true, but Congress &quot;subjected RPM to antitrust scrutiny&quot; under the &lt;i&gt;well-known&lt;/i&gt; 60+ year-old standard of &lt;i&gt;per se illegality&lt;/i&gt; under &lt;i&gt;Dr Miles&lt;/i&gt;. Nice try, but come again.

Your efforts to defend the hacktackular judicial activism &amp; policymaking of the conservative 5 is deeply, deeply unconvincing.]]></description>
		<content:encoded><![CDATA[<p>Y&#8217;all are pretty funny, esp. abc. This case isn&#8217;t close &#8212; it&#8217;s dead wrong &amp; <i>Dr Miles</i> should yet live.</p>
<p>I love the hilariously obtuse reasoning above about why the 1975 CGPA doesn&#8217;t make this a simple open &amp; shut case. Thom writes: &#8220;In repealing the Act, the 1975 Congress again subjected RPM to antitrust scrutiny, but it did not mandate a particular standard to govern such scrutiny.&#8221;</p>
<p>Sure, true, but Congress &#8220;subjected RPM to antitrust scrutiny&#8221; under the <i>well-known</i> 60+ year-old standard of <i>per se illegality</i> under <i>Dr Miles</i>. Nice try, but come again.</p>
<p>Your efforts to defend the hacktackular judicial activism &amp; policymaking of the conservative 5 is deeply, deeply unconvincing.</p>
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		<title>By: abc</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6838</link>
		<dc:creator><![CDATA[abc]]></dc:creator>
		<pubDate>Fri, 29 Jun 2007 19:43:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6838</guid>
		<description><![CDATA[This is an excellent analysis.  Breyer&#039;s decision wasn&#039;t just wrong, it was incoherent, and bordered at various points on intellectual dishonesty. If Breyer had just said &quot;stare decisis&quot;, and left it at that, it would have been better.  Still wrong in my view, but not nearly as wrong as his attempt to say &quot;stare decisis aside, this is still a very close call.&quot;  No, it isn&#039;t.]]></description>
		<content:encoded><![CDATA[<p>This is an excellent analysis.  Breyer&#8217;s decision wasn&#8217;t just wrong, it was incoherent, and bordered at various points on intellectual dishonesty. If Breyer had just said &#8220;stare decisis&#8221;, and left it at that, it would have been better.  Still wrong in my view, but not nearly as wrong as his attempt to say &#8220;stare decisis aside, this is still a very close call.&#8221;  No, it isn&#8217;t.</p>
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		<title>By: Keith Sharfman</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6837</link>
		<dc:creator><![CDATA[Keith Sharfman]]></dc:creator>
		<pubDate>Fri, 29 Jun 2007 17:59:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6837</guid>
		<description><![CDATA[A fine obituary!]]></description>
		<content:encoded><![CDATA[<p>A fine obituary!</p>
]]></content:encoded>
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		<title>By: A Stitch in Haste</title>
		<link>http://truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6836</link>
		<dc:creator><![CDATA[A Stitch in Haste]]></dc:creator>
		<pubDate>Fri, 29 Jun 2007 17:55:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.truthonthemarket.com/2007/06/29/dr-miles-1911-2007/#comment-6836</guid>
		<description><![CDATA[&lt;strong&gt;Supreme Court (Sorta Kinda) Embraces Retail Price Maintenance...&lt;/strong&gt;

Totally overshadowed by the race-based cases yesterday was another minor victory at the Supreme Court, in the case of Leegin Creative Leather Products v. PSKS, No. 06-480 (Jun......]]></description>
		<content:encoded><![CDATA[<p><strong>Supreme Court (Sorta Kinda) Embraces Retail Price Maintenance&#8230;</strong></p>
<p>Totally overshadowed by the race-based cases yesterday was another minor victory at the Supreme Court, in the case of Leegin Creative Leather Products v. PSKS, No. 06-480 (Jun&#8230;&#8230;</p>
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