IYI in the senate

I clicked through simply from curiosity.  This must be a misrepresentation!  What is the real deal?  From Elizabeth Warren Wants the Government To Investigate America's 'Sandwich Shop Monopoly' by Christin Britschgi.  The subheading is The owner of Jimmy John's and Arby's has bought Subway, and a Massachusetts senator has concerns.

As it turns out, no, this is an accurate headline reflecting the real situation.

Sen. Elizabeth Warren (D–Mass.) thinks the government should investigate America's alleged "sandwich shop monopoly."

"We don't need another private equity deal that could lead to higher food prices for consumers," Warren tweeted Sunday. She was responding to a Politico piece reporting that the Federal Trade Commission (FTC) is probing the private equity firm Roark Capital's $10 billion acquisition of Subway.

Roark already owns the sandwich-serving chains Arby's, Jimmy Johns, McAlister's Deli, and Schlotzky's. Warren said that adding Subway to that list could create a "sandwich shop monopoly."

There is an outpouring of commentary providing both economic theory and economic historical research demonstrating the incredible witlessness of being a US senator with an anti-market obsession.  The direct responses to her tweet are entertaining.  The importance of taking a stand against Big Sandwich is roundly ridiculed. 

Reminds me of Nassim Nicholas Taleb in Skin in the Game.  

You can be an intellectual yet still be an idiot. 'Educated philistines' have been wrong on everything from Stalinism to Iraq to low-carb diets.

 Later he simplified it to the more succinct category - IYI, Intellectual, yet idiot.