The Press: Ideas v. Goods

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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