The FTC’s trustbusting is getting ridiculous. Luxury handbags? Please.

How else to explain the Federal Trade Commission’s antitrust worrywarts mounting their high horses and galloping off to rescue affluent consumers from the threat to “affordable luxury” or “accessible luxury” in the market for women’s high-end handbags? Those phrases are, however, semi-oxymorons. And what can “monopoly” mean concerning entirely discretionary purchases?