“A member of congress was complaining before about a merger — the NBC-Comcast deal — and he said the government had to stop it, because if the merger goes through, consumer prices will increase. Let’s stipulate this congressman, by virtue of winning a local popularity contest (election), is imbued with superior economic foresight and knows what prices will be in a given market for the indeterminate future. Why are higher prices a bad thing? This is a question nobody asks in Antitrust World.” (03/12/10)