There has recently been a spate of reporting about how the Biden administration has been pushing tough antitrust enforcement as a way of trying to boost Biden’s pathetic poll numbers on the economy. The theory, as cited by University of Central Arkansas economist Jeremy Horpedahl, is that Biden can override voter concerns about inflation and cost-of-living problems by bashing supposedly over-big corporations using their power to trigger price hikes.
Among the sweeping antitrust actions Biden’s administration has pursued has been the Department of Justice’s move against Ticketmaster. As previously noted, Ticketmaster has been blamed for high prices in the aftermath of the drama surrounding the originally-planned Taylor Swift’s Eras Tour. But as Sen. John Kennedy has rightly noted, sky-high ticket prices are really about ticket resellers, not the original purveyors of…
