Hester Peirce, a senior research fellow at the Mercatus Center, writes about a case of obvious cronyism between Congress and the film industry:
In true Washington fashion, movie industry titans lobbied Congress to ban movie futures – financial contracts that pay out based on box office earnings. The Motion Picture Association of America got a special, and barely noticeable, ban inserted into the Dodd-Frank financial reform bill to prohibit trading based on expected box office earnings.