March Madness
03/13/2015 | | bow-tied economist, econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, March Madness, MLS, mortgage banking, Multiple listing service, NCAA Basketball, politics and economics, Public speaking economist, www.econ70.com
The Friday File: While the NCAA college basketball tournament may or may not cost the economy money in lost worker productivity and sales, the sure losers are the 99% of Division I college players that don’t make the NBA. They work for a “benevolent” monopolist that strictly prohibits the players from monetizing their talent and that “pays” the players a subsistence wage. The winners: the NCAA, networks, universities and coaches.