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Liberty & Power

Free speech, property, courts and elections: what power does to the citizen, and the guardrails that keep it in check.

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25 essays

Liberty & Power

The house sets the odds, the market finds the price

The CFTC just handed casinos and sportsbooks back to the states while claiming sports, election and weather contracts for Washington. The line it drew is smarter than its critics admit. The way it drew it is worse than its defenders admit.

· 5 min read

The Sunday letter

One email on Sunday: the essay of the week and the question worth carrying into the next one, from both sides of the Atlantic. The letter is paused for now: no signups and no sends while the site is rebuilt.

Signups are paused while the site is rebuilt. No letter is being sent.