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Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics

A common refrain among college fans is, “The Transfer Portal and NIL are ruining college sports.” But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.

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On November 21, 2024, Citron Capital shorted MicroStrategy Inc. (MSTR). What made this confrontation particularly electrifying was the clash between two titans: Citron, a...