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Federal and State Merger Review Timing Needs Reform
[Note: The following article, published under my byline at LAW.COM on June 30, 2026, is reprinted with permission from the National Law Journal © 2026 © 2026 Centellic. All rights reserved.] Regulatory compliance imposes substantial costs on companies considering acquisitions or mergers. At the federal level, transactions that meet certain thresholds are prohibited from closing until they…
Why the Paramount–Warner Bros. Discovery Deal Will Likely Clear Even Under a More Aggressive Antitrust Regime
[Note: The following article, published under my byline at LAW.COM on March 27, 2026, is reprinted with permission from the National Law Journal © 2026 ALM Global Properties, LLC. All right reserved.] The collapse of the Netflix–Warner Bros. Discovery deal ended its antitrust scrutiny, and the Department of Justice’s Antitrust Division has now turned to reviewing Paramount Skydance’s proposed…
Understanding Imports and Exports Correctly
Trade association executives are paid to look after their member companies’ interests. Part of that responsibility is to advocate public policy positions that advance or protect those interests. Not surprisingly, such advocacy often cherry picks data and characterizes that data in ways that can generously be called suspect. Nearly always, trade association public policy positions…
Micro vs. Macro Economics and Predictions
In a Wall Street Journal op-ed, regular Journal contributor, Joseph Epstein, compares modern day economists with ancient augurs. Mr. Epstein points out that there has been an infusion of politics in economics as exhibited by the fact that prominent economists who frequently appear in the media seemingly interpret economic data and make predictions in accordance…
More on the Size of a Trillion Dollars
We now finally have the answer to the age-old question of what happens when an economist and a rocket scientist step into a bar. https://www.wsj.com/opinion/who-said-pondering-the-debt-cant-be-fun-36-trillion-moon-games-c35c1174?st=2YLKsi&reflink=desktopwebshare_permalink
How Does the Debt Stack Up?
According to some estimates, the present value of the cost of Social Security and Medicare’s unfunded promises now stands at more than $175 trillion. Add $36 trillion more in federal debt ($26 trillion held by the public) and the total is well over $200 trillion. Even with historical economic growth and productivity increases, there is no…
Liberty & Markets 