Considering that rules of the Commission may apply to any act or practice "affecting commerce", and that the only statutory restraint is that it be unfair, the apparent power of the Commission with respect to commercial law is virtually as broad as the Congress itself. In fact, the Federal Trade Commission may be the second most powerful legislature in the country. . . .
Goldwater highlights the FTC's extensive power over commercial law.
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More from Barry Goldwater
Having given our pensioners their medical care in kind, why not food baskets? Why not public housing accommodations? Why not a vacation resort? Why not a ration of cigarettes for those who smoke and beer for those who drink?
In his acceptance speech at the convention that year, he famously thundered that extremism in the defense of liberty is no vice.
I would remind you that extremism in the defense of liberty is no vice. And let me remind you also that moderation in the pursuit of justice is no virtue.
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