When you ask people to go clean out the attic, it is sometimes hard to understand why they are quick to toss out one thing as old worthless junk while hanging onto another that really doesn’t seem to be much different or in any better condition.
That thought comes to mind when considering the U.S. Supreme Court’s treatment of two doctrines from the early days of antitrust: the 1911 per se prohibition against minimum resale price maintenance and the 1922 exemption of professional baseball from the antitrust laws.
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