by Tho Bishop
We are in the midst of the NFL preseason, which means its fantasy football draft-time for the tens of millions who play fantasy football every year. The growth of the game is truly extraordinary, not only has it become a major device for growing public interest in professional football, but its revenue is now higher than the NFL’s.
Unfortunately, the success of fantasy football has made it a perfect target for politicians and government bureaucrats looking to either get a slice of the pie, or outright ban their constituents from enjoying fantasy products on Sunday. Proving once and again that nothing is sacred to government, not even football.
Just as the success of fantasy sports is a perfect illustration of how wealth is made by serving the demands of customers, the resulting meddling of politicians is a great example of how interventionism leads to wealth destruction.