Economic incentives and the Aqueduct horse deaths

by Walter Olson on October 25, 2012

In the New York Daily News, Lawrence Cunningham argues that skewed economic incentives — some of them advanced by the actions of federal prosecutors, who applied muscle in a tax-fraud settlement to press for the casino-ization of Aqueduct Race Track — contributed to the deaths of 21 racehorses, most of whom were entered in races with purses artificially inflated so as far to exceed their own economic worth. “Politicians and prosecutors should not direct business changes without understanding their significance. What’s happening to the horses at Aqueduct could have been prevented.”