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With no principles, standards or criteria to guide it, the anti-trust case law is the record of seventy years of sophistry, casuistry and hair-splitting, as absurd and as removed from contact with reality as the debates of medival scholastics. With this only difference: the scholastics had better reasons for the questions they raised and no specific human lives or fortunes hung on the outcomes of their debates.
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From a lecture given by Ayn Rand at the Ford Hall Forum, Boston. December 17th, 1961