{
 "rec_id": "media-the-business-cycle-what-purpose-do-anti-trust-laws-serve",
 "course": "the-business-cycle",
 "title": "What purpose do anti-trust laws serve?",
 "speaker": "Murray N. Rothbard",
 "source_file": "media/The Business Cycle/What purpose do anti-trust laws serve_ Murray N Rothbard.mp3",
 "model": "medium",
 "language": "en",
 "language_probability": 1,
 "duration_s": 30.1,
 "generated": "2026-08-06T00:16:18Z",
 "generator": "scripts/transcribe_lectures.py (faster-whisper)",
 "machine_generated": true,
 "warnings": [],
 "text": "Generally, what's happened is the anti-trust weapon has been used as a means by which inefficient businesses try to hobble the competition of their more efficient competitors. In other words, the anti-trust legislation, the anti-trust, the FTC and so forth, which are billed to the public as being the public's guardians against monopoly, are really creators of monopoly, because what they do is they constantly restrict and hobble more efficient businesses on behalf of those businesses who can't keep up in the competitive race. Thank you very much.",
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   "text": "Thank you very much.",
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}