The Capital Note: Google Under Attack
Welcome to the Capital Note, a newsletter about business, finance and economics. On the menu today: The war on Google, the Fed worries about what ultra-low interest rates might mean, the Biden liquidation, automation, a unicorn stumbles, and a case study in regulatory bungling.
Bashing the Google-Bashers (And Rightly So)
As (I hope) I made clear in this space on Tuesday, I have my doubts (understatement) about the legal action that the Department of Justice has launched against Google. We’ll have to see what discovery discovers, but the DOJ’s arguments about competition seem unconvincing, and the lawsuit has opened a dangerous door through which a future less market-friendly administration may charge.