Money in Politics

The Stimulus Package Is Too Expensive and Poorly Targeted: The Waste Contained in the CARES Act

A cost-effective stimulus to mend the effects of a 24 percent drop in GDP would cost no more than $1.3 trillion over a 6-month...

Has Coronavirus Brought Back the Nation-State in Europe? No, Just the Need for Public Authority

The vindication of the public sphere does not herald the return of nation-states to their past glory. This is bad news not only for...

From Most No-Brainer to Most Complicated: A List of Policy Proposals to Mitigate the Virus’ Impact

Policymakers need to figure out which sectors we wish to keep up and running (food, health care), which sectors we want to contract rapidly...

Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”

"Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those...

The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable

Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are...

Stick, Carrot, and Evergreen Loans: A Policy Proposal to Save Small and Medium-Sized Firms

Restaurant owners, retailers, and the like employ more than 50 percent of the US workforce, yet neither have cash buffers nor access to Federal Reserve support. In...

The Virus Outbreak Changed the Democratic Primaries: Sanders Is Running on Borrowed Time

Joe Biden swept Florida, Illinois, and Arizona on Tuesday, jumping ahead to 1,173 of the 1,991 delegates he needs to win the presidential nomination....

What the European Union Can Do to Overcome Liquidity Shortages for Firms

European institutions can mitigate the negative impact of the coronavirus crisis: the European Investment Bank (EIB) can borrow from the European Central Bank (ECB) and...

Five Conditions for Corporations About to Receive Coronavirus Bailouts

Wall Street and the Federal Reserve are getting ready for massive bailouts, so here are the conditions to put on large corporations who need...

This Is Not the Time to Be Cautious. We Need to Contain the Economic Contagion of the Coronavirus

The real danger is that the virus mutates and infects our economic system, even as we manage to root it out of our bodies....

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The Challenges to (Re)forming a Platform Economy for the People

Measured antitrust enforcement and a more comprehensive regulatory regime can ensure that we continue to benefit from digital markets. In attempting to...

Spectrum Auctions: There Is Elegance in the Mundane

As a student, Booth School Professor Anthony Lee Zhang was puzzled that Paul Milgrom chose to spend so much of his time...

Antitrust as Economic Stimulus

By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly...

The Monopolists and the Pandemic: What Covid-19 Teaches Us About Concentrated Power

In the preface of his new book Liberty from All Masters: The New American Autocracy vs. the Will of the People, Barry...

Bethany McLean’s Weekend Reading List: Insider Trading, Central Banking, and the Fall of the CDC

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

“Amazon Is Getting Richer by the Moment —But There’s a Limit to How Many People Jeff Bezos Can Buy”

In an interview with ProMarket, Barry Lynn discusses the current state of American antimonopoly, what the Covid-19 crisis has taught us about...

Politics, Inconsistent Economic Policies, Destructive Dissatisfaction: The Roots of Hong Kong’s Malaise

In 2019, proposed amendments to the Extradition Bill triggered social unrest that has lasted for more than a year. Moving forward, Hong...