|1.||We recommend that the President issue a general policy statement (a) establishing the Antitrust Division as the effective agent of the Administration in behalf of a policy of competition within the councils of the Administration and before the independent regulatory commissions; (b) urging those commissions to enlarge the role of competition in their industries; (c) marshaling public support for the policy of competition.|
|2.||We urge the commission to permit free entry in the industries under regulation and to abandon minimum rate controls, whenever these steps are possible-- and we think they usually are; and we urge the President, when occasion permits, to appoint at least one economist to membership in each of the major commissions, and institute effective procedures for the review of the performance of the commissions.|
|3.||To enhance the effectiveness of the Antitrust Division, we urge the Attorney General and the Assistant Attorney General in Charge of Antitrust to insist that every antitrust suit make good economic sense, and to institute semi-public conferences to assist in the formulation and frequent reevaluation of enforcement guidelines.|
|4.||We recommend that the Department of Justice establish close liaison with the Federal Trade Commission at the highest levels, with a view toward fostering|
Source: U.S. Congress, Senate, Committee on the Judiciary, Subcommittee on Antitrust and Monopoly, Economic Concentration, Hearings Before the Subcommittee on Antitrust and Monopoly, 91st Cong., 2nd sess., 1970 ( Washington: U.S. Government Printing Office, 1970), 5034-35.