Finance Geek

The current National Football League labor dispute is sometimes characterized as a battle between billionaire team owners and millionaire players. What’s often left out, however, is the role that the American taxpayer is playing in this dispute.
Through rich stadium subsidies and cartel powers granted to professional football by our representatives in Congress, we have helped to bankroll the gains in revenues that are now at issue in this clash. In particular, as Vanderbilt University economist John Vrooman argues in a chapter from a forthcoming book about the NFL (Economics of the…

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This entry was posted on Tuesday, May 31st, 2011 at 10:14 am and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.