The methods by which the Vanderbilts, Goulds, Fields, Rockefellers, Ma — Monopoly

"A cartel or trust confers various benefits on the entrepreneur - a saving in costs, a stronger position as against the workers - but none of these compares with this one advantage: a monopolistic price policy, possible to any considerable degree only behind an adequate protective tariff. Now the price that brings the maximum monopoly profit is generally far above the price that would be fixed by fluctuating competitive costs, and the volume that can be marketed at that maximum price is generally far below the output that would be technically and economically feasible. [...] Yet the trust must produce it - or approximately as much - otherwise the advantages of large-scale enterprise remain unexploited and unit costs are likely to be uneconomically high. [...] [The trust] extricates itself from this dilemma by producing the full output that is economically feasible, thus securing low costs, and offering in the protected domestic market only the quantity corresponding to the monopoly price - insofar as the tariff permits; while the rest is sold, or "dumped," abroad at a lower price."

"The best of all monopoly profits is a quiet life."

"Ironically, contrary to the consensus of historians, it was not the existence of monopoly which caused the federal government to intervene in the economy, but the lack of it."

"Monopoly is business at the end of its journey."

"[...] the lies that people tell [...] the people who have monopolies pretend not to. [...] you dont want to get regulated by the government [...] So if the monopolists pretend not to have monopolies, the non-monopolists pretend to have monopolies. [...] If you are a non-monopolist, you will rhetorically describe your market as super-small [...] you are the only person in that market."