Bill MacLeod

1.4K posts

Bill MacLeod

Bill MacLeod

@MacLeodBill

Competition Lawyer; Former ABA Antitrust Chair, FTC Bureau Director, DOJ Antitrust Advisor, CFPB TF Member. Ripon College, UVA, UMLS. Views my own.

Chicago-NoVa-DC Katılım Mart 2012
632 Takip Edilen650 Takipçiler
Bill MacLeod
Bill MacLeod@MacLeodBill·
A wonderful tribute to Jodie Bernstein, a giant of the FTC and a pathbreaker in the bar. (Fine print - the release doesn’t mention Jodie’s hilarioussense of humor. She still delivers!) Thanks, ⁦⁦@chris_mufarrige⁩ and @FTC⁩! ftc.gov/business-guida…
English
0
1
3
1.2K
Bill MacLeod
Bill MacLeod@MacLeodBill·
Playwright Wallace Shawn and director André Gregory (of “My Dinner With” fame) answer the ancient question: how long are parents responsible for their children? I love it but won’t reveal it. one.npr.org/i/nx-s1-554587…
English
0
0
0
68
Bill MacLeod
Bill MacLeod@MacLeodBill·
Has a more important book appeared in the last 250 years? Wealth of Nations, 3/9/1776, still resonates. Review in WAPO: A Smithian focus therefore broadens the AI debate. The question is not merely how many jobs will be displaced, or how to regulate data. It is whether commercial society can integrate powerful new technologies without hollowing out the moral capacities on which it rests…. Perhaps Smith’s deepest insight is that a commercial society is a moral achievement. It channels self-interest into productive activity through competition under the rule of law. It lifts living standards by expanding exchange. But it is fragile. It depends on justice, on open rivalry and on citizens capable of judgment. washingtonpost.com/opinions/2026/…
English
0
0
3
95
Bill MacLeod retweetledi
Analytic Valley Girl Chris
Analytic Valley Girl Chris@ChrisExpTheNews·
I was using ChatGPT for legal advice and it decided to completely hallucinate some preposterous nonsense about how growing wheat to use on my own farm somehow constitutes interstate commerce
English
395
1.8K
14.9K
1.2M
Bill MacLeod
Bill MacLeod@MacLeodBill·
Wonderful vignette of an institution that was the retail juggernaut of a century ago.
Tock@yvan_theriault

En 1881, un grand magasin de Chicago a fait quelque chose qui allait tranquillement changer le monde pour toujours. Ils ont regardé leurs clients - des femmes en jupes longues qui naviguaient dans les rues boueuses, des hommes d'affaires sans temps à perdre - et ont fait une promesse que personne n'avait jamais faite auparavant : "Achetez-le ici. Ce sera à ta porte avant que tu rentres à la maison. " Pas en deux jours. Pas demain. Aujourd'hui. Gratuit. Garantie. Marshall Field's n'a pas seulement vendu de la marchandise. Ils ont construit une machine. À son apogée, leur opération de livraison a fait traverser 400 wagons et des centaines de chevaux à travers 350 miles carrés de Chicago - chaque wagon a peint sa signature en vert, chaque conducteur en uniforme pressé, chaque itinéraire mémorisé comme un soldat connaît un champ de bataille. Pas les ordinateurs. Pas de GPS. Sur les applis. Juste des chevaux, des cartes et un engagement obsessionnel, presque irrationnel à tenir une promesse. Une histoire - transmise à travers l'histoire de Chicago - raconte un homme d'affaires qui a commandé un grand bureau en acajou sur approbation. Cet après-midi-là, appelé à l'improviste hors de la ville, il a lancé ce qui semblait être un défi impossible « Apportez-le chez moi à Rogers Park avant 16 h - ou ne vous dérangez pas. " Il est monté dans un train. Arrivée à la maison à 3h30. Le bureau était déjà à l'intérieur. Les gens ont plaisanté en disant que les livraisons de Marshall Field sont arrivées avant vous. Au milieu du 20e siècle, en passant aux camions motorisés, l'opération traitait jusqu'à 95 000 colis par jour - à partir d'un seul magasin. Un magasin. Quatre-vingt-quinze mille paquets Tous les jours. Le système qu'ils ont inventé - entrepôts hubs, points de distribution de district, malles organisés par route - est le plan exact que FedEx, UPS et Amazon utiliseraient plus tard pour construire des empires de billions de dollars. Amazon n'a pas inventé la livraison le jour même. Ils viennent de remplacer les chevaux par des camionnettes et les livres de registres par des algorithmes. Les chariots verts sont partis maintenant. Marshall Field's lui-même a été absorbé par Macy's en 2006, effaçant un nom vieux de 150 ans de l'horizon de Chicago. Mais l'attente qu'ils ont planté dans l'esprit américain - que ce que vous achetez devrait arriver rapidement, fiablement et sans frais supplémentaires - n'a jamais quitté. La prochaine fois qu'une notification apparaît disant « Votre colis a été livré », rappelez-vous : Un cheval est arrivé le premier. Et personne n'avait même de téléphone pour le tracer.

English
0
0
1
143
Bill MacLeod
Bill MacLeod@MacLeodBill·
Not at all. Chicago is exhibit A in the kids’ predicament. Voters elected a teachers’ union rep over a Duncan-like board leader. Now the mayor is trying to borrow money to fund the union pension. We don’t need to bust the union to save the kids. They are mobile (tho parents pay twice when kids go private without tax credits). Kids don’t all need to move. A marginal defection could force the bureaucracy to fight or fold.
English
1
0
0
23
joe sims
joe sims@Rock5491·
@MacLeodBill I love your optimism and this is certainly a good sign, but do you really think it will bust the teacher’s union-D politician duopoly in “progressive “ states? I have serious doubts.
English
1
0
0
27
Bill MacLeod
Bill MacLeod@MacLeodBill·
I’ll take the contra (hopeful) view. The clip is provocative nihilism. Saying economics ignores the poor has been wrong since Smith’s Theory of Moral Sentiments through Friedman’s negative income tax. I hope the nonsense was debunked in good old Chicago style at the event. That’s a good way to teach and learn economics.
joe sims@Rock5491

Stigler would be horrified.

English
1
0
0
162
Bill MacLeod
Bill MacLeod@MacLeodBill·
@Rock5491 My White Sox have been dwelling in the cellar, but MLB, LA, Toronto, and the Cubs are holding their own. We’re seeing similar evidence in K-12. Latest summary is here: nytimes.com/2026/02/09/opi…
English
1
0
0
55
joe sims
joe sims@Rock5491·
@MacLeodBill True enough, but Chicago is an honorary Ivy, and that group has (in my view) failed on virtually every educational metric. Current and recent Stigler Center output is a good example.
English
1
0
0
39
joe sims
joe sims@Rock5491·
@MacLeodBill Hasn’t worked very well for higher ed generally.
English
1
0
0
33
Bill MacLeod
Bill MacLeod@MacLeodBill·
@Rock5491 I’ll trust competition. U of C won’t want to see school after school leapfrogging it in the standings. (Only my White Sox would do that).
English
1
0
0
42
Bill MacLeod
Bill MacLeod@MacLeodBill·
Cruelest Cartel of All? Depriving Kids of Competition 10 highest-scoring schools in NY were in NYC. 7 were charters in Bronx serving poorer students, “And yet, 90% to 97% of their third graders were proficient readers [compared to NY average of] 43%.” 163,000 NYC students linger on the waitlist because lawmakers limit the number of charters. @FTC and @JusticeATR have opposed many government-granted cartels. Is any as cruel as one that deprives poor kids of a good education? They need competition advocates now.
Wall Street Journal Opinion@WSJopinion

Charters are a viable model for narrowing education gaps regardless of a student’s socioeconomic background. Opposition to school choice is especially harmful to our neediest children, writes @jasonrileywsj on.wsj.com/3O6FJui

English
0
1
3
292
Bill MacLeod
Bill MacLeod@MacLeodBill·
CA utility regulators, Report to Econ 101! Nixing solar mirrors could save ratepayers $100 million a year, says WSJ. Regulators “rejected PG&E’s plan this month because it ‘risks stranding sunk infrastructure costs.’” Sunk costs driving decisions? wsj.com/opinion/califo…
English
0
0
2
96
Bill MacLeod
Bill MacLeod@MacLeodBill·
The quintessentially kind Bill Baer refrains from stating the obvious. Furman wrongly claims (citing inapt anecdotes) that macroeconomics modernized while micro stagnated. Let’s gather the evidence: the greatest hits and misses of micro and macro? Does any micro misfire beat “transitory” inflation predictions of 2021?
Bill Baer@billbaer50

@jasonfurman Jason, we disagree. Updating occurs. The Merger Guidelines reflect that, done with IO economists you respect. The fallacy you advance is that firms should not be allowed to fail, that competitors with market power should be able to maintain/enhance through acquisition.I dissent

English
0
0
2
128