by Jeremy Lott Print this article On July 9, President Joe Biden signed the "Executive Order on Promoting Competition in the American Economy." In a fact sheet accompanying that order, the White House claimed that it "established a whole-of-government effort to promote competition in the American economy, includ[ing] 72 initiatives by more than a dozen federal agencies to promptly tackle some of the most pressing competition problems across our economy." These efforts would do several things for people, including make it "easier to change jobs and help raise wages … Lower prescription drug prices … Save Americans with hearing loss thousands of dollars … Save Americans money on their internet bills … Make it easier for people to get refunds from airlines … Make it easier and cheaper to repair items you own … Make it easier and cheaper to switch banks … Empower family farmers and increase their incomes … [and] Increase opportunities for small businesses," the fact sheet claimed.