When White House Speechwriter Patrick Buchanan and other Administration spokesmen occasionally hinted about Government intervention to break the "liberal monopoly" of the national press, the gambit was obviously a partisan effort to pressure rather than persuade. It is different with Professor Ronald H. Coase of the University of Chicago, a British economist with no discernible political ax to grind. He suggests that federal regulation of the press would be appropriate on social and economic principle. In a scholarly paper given before a recent New York City seminar, Coase broadened the Nixonians' argument by...
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