John Stossel — The Fight Against Food Trucks

John Stossel, through ReasonTV, looks at the regulations behind the food truck industry. From a competitive market standpoint, food trucks have the ability to respond to high demand areas by relocating at any given moment. For brick-and-mortar businesses, however, food trucks enter the market as a low-cost competitor and steal customers from permanent restaurants. Many cities in the United States have setup regulation limiting the location of food trucks or the hours they may operate. This rent seeking behavior, however, limits the amount of options available to consumers in the name of “fairness.”

The Simpsons — Prohibition

Springfield residents are clamoring to re-enact prohibition in town, but the City Council feels like the positive externalities outweigh the costs associated with alcohol. The County Clerk finds an old law for Springfield ordinance that actually outlaws alcohol. The new Duff Zero (alcohol-free beer) isn’t as popular as the original and the Duff factory has to shut down.

Ron White — The Death Penalty

Ron White describes how his state is different than California and one of those ways is through the use of the death penalty. In other states, they may be trying to cut back on the use of the death penalty for heinous crimes, but Texas appears to be trying to put in an express lane. The death penalty, while controversial, is often used by states as a credible threat and a deterrence mechanism in order to reduce future crime.

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