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President Taft on the nature of economic conspiracy

May 24, 2012

“When men attempt to amass such stupendous capital as will enable them to suppress competition, control prices, and establish a monopoly, they know the purpose of their acts. Men do not do such things without having it clearly in mind.” -President William Taft, 1911, Message of the President of the United States: communicated to the two houses of Congress at the beginning of the second session, Sixty-second Congress, December 5, 1911, on the anti-trust statute 

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