One of the most outrageous items in President Biden’s Fiscal Year 2025 budget is his proposed $389 million raise for the Federal Trade Commission (FTC), an 11% increase. It is hard to think of a federal agency less deserving of a budget increase than the FTC. Under the leadership of Chair Lina Khan, the FTC has wasted taxpayer money on lawsuits that the agency’s professional staff has advised against bringing due to a low chance of success. This does not bother Chair Khan, because her goal is not to simply enforce antitrust laws, but to transform antirust into a tool to reshape the American economy.
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