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THIS WEEK
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September 11, 2019
The Latest News
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NFL Kickoff Game Showcases
Right Way to Play Football
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Michael D. Farren and Anne Philpot | InsideSources
The National Football League (NFL) kicked off its season last week with its longest-running rivalry when the Green Bay Packers defeated the Chicago Bears at historic Soldier Field. The Packers are unique in that they are the “only
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publicly-owned, not-for-profit, major league professional team” in the country. Unlike the other NFL teams that are privately owned, and can threaten to move cities in order to secure subsidies, fans have bought stock in the team and the Packers being sold or moved would require approval from a majority of these stockholders. The NFL has since banned such structures, and acts as a cartel, making sure there are fewer teams than there are viable markets. Competition from new leagues could push the NFL to put fans first and allow freer entry for new teams and more ownership models, including non-profit organizations like the Packers.
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The Worst Regulation Ever Proposed
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Adam Thierer | American Institute for Economic Research
In a new Wired essay, mayor Bill de Blasio explains, “Why American Workers Need to Be Protected From Automation
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,” and aims to accomplish that through a new agency with vast enforcement powers, and a new tax. These two ideas represent one of the most radical regulatory plans any America politician has yet concocted. First, de Blasio proposes the Federal Automation and Worker Protection Agency (FAWPA) which would require permits for any company seeking to increase automation that would displace workers. Additionally, large companies would have to pay five years of payroll taxes up front for each employee eliminated by automation. This plan would result in a decrease in productivity and less innovation in all sectors across the country.
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Learning How to Make a Difference
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Samantha Power and Tyler Cowen | Conversations with Tyler
Samantha Power, a former war correspondent and UN ambassador, joined Tyler to discuss the purpose behind her memoir, her first impressions of America, being a wartime correspondent, Star Wars vs. Star Trek, van Morrison vs. Bob Dylan, and robot empires vs. robot umpires. He asks her about her favorite novel, why democracy is so rare in the Middle East, the truth about Richard Holbrooke, humanitarian intervention, and German defense spending.
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For Now, There’s No Recession in Sight
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Bruce Yandle | Washington Examiner
Friday's lackluster employment numbers prompted discussion about a possible future recession. The data tell us that we have a slowing economy with serious weakness seen in the manufacturing sector, but employers typically increase their hiring of temporary workers when uncertainty about the future increases. The employment data tell us we still have a strong but weakening economy. There's no recession in sight, for now.
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Additional Links
Wealth Tax Won’t Stand up to Scrutiny
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Tracy C. Miller | Richmond Times-Dispatch
Block the Misuse of Facial Recognition, Not the Tech Itself
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Christopher Koopman | The Hill
On Trade, Both Trump and Warren Get a Fail
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Veronique de Rugy | American Institute for Economic Research
Should We Fight Obesity or Accept It? Both.
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Richard Williams | InsideSources
Three Critical Economic Realities
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Donald Boudreaux | Pittsburgh Tribune-Review
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