The annual college basketball spectacle known as March Madness has arrived.  Millions of people will tune in to the three-week tournament to see who’s the best team in the U.S. And millions more will wager a few bucks to take part in an office pool in which they try to pick the winner. Even presidents have been known to take part in the madness.  But behind the hype is a lot of cash. Just as journalists are trained to follow the money, so are economists like me. So let’s take a closer look. Continue reading What is March Madness – and the nonprofit that manages the mayhem? →