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McCracken Strikes Out

To The Editor:

From time to time it is good to question some of the assumptions we operate under, and Michael McCracken does so in his spirited comparison between major league baseball and the insurance industry. (See “Baseball & Insurance: Two Places Where Economic Idiocy Still Reigns,” NU, Dec. 2, page 33.)

Much as I respect his work at FC&S, however, I disagree with his “solution” to repeal the McCarran-Ferguson Act, especially in respect to the limited antitrust exemptions granted the insurance industry.

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