It’s showtime! NBA playoffs began this weekend, and our beloved Spurs won, so BofE is happy.
Rules in sports are helpful metaphors for institutions in economics. How does a government – the referee in Chief Justice John Roberts’ description – make sure the playing field is level, victory is based on talent instead of chance, and nobody gets hurt? The sports metaphor lever is being pulled to justify sharing this hilarious video of flopping in the NBA (HT Slate):