How to get URL link on X (Twitter) App
https://twitter.com/CSWilsonFTC/status/15197869494767616011. FTC staff are, on average, in the non-ideological to political left range. It might be hard for someone with my views to be a popular FTC chair among staff. But not for current leadership. Incentives are aligned. They want to bring cases! And win them. So what gives? (2/x)
https://twitter.com/leah_nylen/status/1412541406728630274It is a bad move on the merits because it treats professional FTC lawyers and economists who believe in the agency mission like children not like professional public servants, eg ("You cannot speak AND you must tell people, even if false, it is because you are too busy"). (2/x)
https://twitter.com/JustinBrookman/status/1385614290636492802The problem has been the all revenue approach is in cases where a deceptive/ unfair practice causes some harm but consumer also receives real value, e.g. a deceptive claim increases what I pay for an otherwise valuable product. (2/6)
https://twitter.com/FTC/status/1385262746212704260Truth of the matter is the signs that this was coming have been around a long time and have been largely ignored inside the agency. Guardrails were put up around the fraud program to restrict the use of this authority to a narrow subset of cases. (2/x)
https://twitter.com/matthewstoller/status/1155868962846060551Optimal deterrence is the core of economic theory regarding penalties, Becker (1968). The fundamental idea is that if the expected value of unlawful behavior net of legal sanctions is positive, then the market will produce it. (2/x)