Importantly, as my FOMC colleague Gary Stern has pointed out, it would also mitigate moral hazard and the problem of "too big to fail" by reducing the range of circumstances in which systemic stability concerns might be expected by markets to prompt government intervention.

FORBES: Reducing Systemic Risk

The sport is suffering declines in sponsorship, attendance and financial stability, and the roots of the problem go a lot deeper than the lousy economy.

FORBES: Magazine Article