Big business leaders—heretofore merry shills for Obama’s disastrous policies—have finally woken up to the fact that such policies are bad even for those with friends in the White House. The Chairman of the Business Roundtable, a group whose support helped further ObamaCare, Cap-and-Trade, and any and all Keynesian “stimulus” spending, now warns: By reaching...
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As Robert Higgs notes, a moratorium on deep-sea drilling, or an even more significant and general governmental effort to stop oil exploration, would be disastrous for the economy. Some commentators have referred to the Gulf Coast oil disaster as the environmentalists’ 9/11—a crisis that would enable the federal government to seize upon public hysteria...
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This is the third in a series of posts on my new book, The Pursuit of Justice: Law and Economics of Legal Institutions. In this post I will discuss how the law evolves instrumentally—that is, to serve private interests rather than the public interest. Law is often assumed to be a public good that...
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