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The Federal Trade Commission (FTC) has settled a wine-and-spirits case, and its press release reads like a victory toast. The two commissioners who approved the deal write as if they’d rather send the bottle back. Consumers might want to check the tab. The settlement in Southern Glazer’s Wine and Spirits landed just after I’d put … Antitrust at the Agencies: Pour One Out for Southern Glazer’s
Washington has a standard playbook when it comes to emerging commercial risks: Make companies buy insurance coverage, then put taxpayers behind the losses. That prescription is gaining fans as artificial intelligence (AI) creates new liability risks. It skips the question insurers need answered first. What, exactly, will courts hold their customers liable for? Nearly a … AI Insurance and the Backstop Reflex: A Policy for Every Risk, a Taxpayer for Every Loss
A trade deal can lower tariffs and yet still leave the hardest barriers untouched. The shipment clears customs, but the supplier cannot get a license, bid for a government contract, or compete with a subsidized state firm. The border is nominally open, but the market has other arrangements. As I argue in a new Mercatus … Beyond Tariffs: Free Trade and the Friends-and-Family Plan
