
Essays on sports, gambling, markets, and institutions. Written from a long view of power, risk, and responsibility.
| Platform | Pricing | Only free issues | Publishes | Twice weekly | |
|---|---|---|---|---|---|
| Issues | 38 | Founded | 10 months ago | Last Issue | 8 days ago |
| Active | |||||

On Monday night I will speak at the Oregon Jewish Community Center, at a forum called “Jew Are Not Alone.” About a hundred of my neighbors are expected. Sooner or later someone will ask the question that has followed this issue around Portl...
The first building on the Broadway Corridor fails the Green Banana Test.
Not because it is affordable housing. Not because of who will live in it. It fails because, judged as a stand-alone enterprise with its own sponsor, its own money, it...
Revision note, October 28. This draft carries changes prompted by two readers of the Lockbox paper. Edan Krolewicz of Rip City, Not Rip Off asked how the public’s forgone revenue and remaining risk are counted; Pete Goodman asked who could...
Working paper, October 2026. The owner puts $180 million into the building. The city puts $55 million in beside him. Neither one takes a cent out.
Last week I ranked Portland’s arena offer last of eleven NBA deals and last of eight renovat...
Portland is offering the Trail Blazers one of the most generous construction packages in the NBA. For the team that has to operate the building, it is also the least attractive of the eleven NBA arena deals we examined. Portland’s proposal...
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The writers behind this newsletter.
I write to examine the principles, institutions, and relationships that make self-government possible, bringing evidence, experience, and independent judgment to questions where reasonable people may disagree
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