The Archives

Everything written by Kristian Stout on law, economics, and more

The Hype Cycle Meets Malpractice Law: Why the Jobs Persist

Dario Amodei, CEO of Anthropic, recently declared that “50% of all entry-level lawyers, consultants, and finance professionals will be completely wiped out within the next 1–5 years.” That’s a remarkable claim—and probably wrong in a way that reveals something important about the gap between what AI can do and what the economy will actually do ... The Hype Cycle Meets Malpractice Law: Why the Jobs Persist

A Sensible Federal Framework for AI (If Congress Can Stick to It)

The Trump administration’s newly released national legislative framework for artificial intelligence is, in many respects, a welcome set of guidelines for US regulation of Artificial Intelligence (AI). At a moment when AI policy risks collapsing into either overbroad precaution or fragmented state-level experimentation, the framework instead gestures toward something closer to institutional restraint: a light-touch ... A Sensible Federal Framework for AI (If Congress Can Stick to It)

Your State Government Has a Friend Request Pending

A bevy of states are racing to mandate “digital choice” in social media. The new bills promise easy data portability and forced interoperability among platforms—letting users carry their accounts, contacts, and content across services through open protocols. Utah enacted the first such law in 2025, and legislatures in Virginia, South Dakota, New York, California, and ... Your State Government Has a Friend Request Pending

Gigabit or Bust: The Mirage of Insufficient Broadband Competition

Regulators keep searching for a simple test to declare broadband markets “competitive.” The California Public Utilities Commission’s Public Advocates Office (Cal Advocates) thinks it found one: count gigabit networks. If a market lacks multiple overlapping gigabit-capable systems, Cal Advocates suggests in a report released last month, regulators should treat it as effectively noncompetitive. That framing ... Gigabit or Bust: The Mirage of Insufficient Broadband Competition

Regulating the Tool or the Trouble? A Survey of State AI Bills

Debates about federal preemption in artificial-intelligence (AI) policy often pose a stark choice: Congress adopts a national framework and states lose the ability to police harmful conduct, or states retain broad authority and businesses face a 50-state compliance patchwork that chills innovation. Our review of state AI bills suggests the debate is aimed at the ... Regulating the Tool or the Trouble? A Survey of State AI Bills

The AI Filing Cabinet That Isn’t There

Policymakers and commentators often treat large language models (LLMs) as if they were searchable repositories of personal data. The intuition is understandable: these systems train on massive corpora that may include personal information, and they occasionally generate outputs referencing real people. But the analogy is still wrong. And policy built on it risks distorting both ... The AI Filing Cabinet That Isn’t There

The FCC Still Thinks You Have Rabbit Ears

Federal video regulation still treats broadcast, cable, and streaming as separate worlds. Consumers do not. The gap between how the law classifies video services and how people actually watch them is widening, and it increasingly distorts competition across the modern media marketplace. Last week, the International Center for Law and Economics (ICLE) hosted a panel ... The FCC Still Thinks You Have Rabbit Ears

Netflix, WBD, and the Myth of the Streaming Monopoly

The proposed acquisition of Warner Bros. Discovery (WBD) assets by Netflix is already being cast as a landmark antitrust “test case.” If past deals are any guide, the critiques will follow a familiar script: narrow market definitions, selective data points, and headline-friendly market-share claims designed to trigger alarm. Yet in a video ecosystem defined by ... Netflix, WBD, and the Myth of the Streaming Monopoly

AI’s Labor Impact Will Emerge from the Institutions that Govern Its Use

The public debate around the expected labor impact of artificial intelligence (AI) has settled into a familiar pattern: headlines warn that AI is poised to eliminate millions of jobs, destabilize labor markets, and recreate the dislocation of past technological revolutions. But the emerging empirical record tells a different and more nuanced story. Early examinations of ... AI’s Labor Impact Will Emerge from the Institutions that Govern Its Use

AI, Entrepreneurialism, and the Next Technological Ecosystem

Debates about artificial intelligence often focus on the technology’s intrinsic qualities, such as its speed, scale, and uncanny ability to generate text or code. But the lesson we should draw from every major technological transition since World War II has been that economic outcomes are not determined by technology alone. The institutional framework surrounding those ... AI, Entrepreneurialism, and the Next Technological Ecosystem

Beyond a Moratorium: Toward a Competency-Based Approach to AI Governance

As state legislatures across the country prepare to convene in early 2026, a predictable panic is setting in among the architects of the artificial-intelligence (AI) revolution. From Sacramento to Hartford, legislation appears certain to proliferate seeking to regulate everything from algorithmic discrimination to the fundamental compute power used to train large language models (LLMs). The ... Beyond a Moratorium: Toward a Competency-Based Approach to AI Governance

Troubling Content Quotas Down Under

The Australian Content Requirements for Subscription Video on Demand Bill 2025 (ACO Bill), introduced earlier this month in the Parliament of Australia, would require large video-streaming platforms to spend either 10% of their Australian expenditures or 7.5% of their Australian revenues on locally produced original programs. While framed as a cultural measure, the bill functions ... Troubling Content Quotas Down Under