Intrust Bank Arena finances: The worst news is hidden

The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters promote a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and hides the true economics of the arena.

State lawmaker takes on Vanderbilt’s all-comers policy

Updated at 9 p.m. The state legislature is looking again at trying to make Vanderbilt University drop its controversial “all-comers” policy after Rep. Bill Dunn, R-Knoxville, presented a measure Thursday that would basically force the school to choose between taking … Continue reading

Myth: Markets depend on perfect information, requiring government regulation to make information available

Markets do not require for their operation perfect information, any more than democracies do. Significantly, politicians and voters have less incentive to acquire the right amount of information than do market participants, because they aren’t spending their own money.

Save The Caucus Series: Bind Iowa’s Delegates

There is little doubt that Ron Paul will capture most of Iowa’s 28 delegates by the time the state convention is over on June 15th.  His supporters control the nominating committee that puts together the at large slate of 13 delegates that is voted on at convention.  At last weekend’s district conventions, the Ron Paul [...]