Posts in Economics
Should Your City Host the Olympics?

What comes to mind when you hear about the Olympics? Likely, images of the 5 colored interloping rings, the podiums, or the world records created are thought of. Hosting this major sporting event that occurs every 2 years tends to be a source of pride for the host city and country as a whole. However, the unanticipated economic impacts it brings to local communities should spur governments to think critically about whether hosting can truly be a good investment for their city.

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The Press: Institution or Industry?

The First Amendment of the United States Constitution prohibits Congress from abridging the freedom of the press. No reason is provided for the protection of this freedom but the intent is clear. A functioning democracy requires that facts are widely understood because voters must be well informed if they are to vote according to their interests. For this reason, a free press is a necessary institution. However, in the marketplace any firm which is free from government intervention will ultimately be bound by the motive of profit. With this in mind, it is important to ask whether granting the press absolute freedom is the right approach to ensure it fulfills its institutional duty.

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