One reason the stock market initially responded favorably to President Donald Trump’s victory was the expectation that a second Trump term would reverse the antitrust polices of the Biden years. During the Biden Administration, Federal Trade Commission (FTC) Chair Lina Khan and Associate Attorney General (AAG) for Antitrust Jonathan Kanter aggressively advanced a Neo-Brandeisian agenda. Neo-Brandeisianism restores the old “big is de facto bad” approach to antitrust and combines it with a “holistic”approach that views antitrust as a tool to massively expand government’s role in the economy.
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