Comments on: High Cost of Legal System Justified by “Intangible” Value?

By: Addy

Addy — Tue, 04 Nov 2008 03:16:52 +0000

You probably meant “laissez”.

By: tyree

tyree — Mon, 03 Nov 2008 04:51:26 +0000

I think most Americans understand that if the law were to change, they could suddenly be out of their house and into the street. We know how much of our wealth is tied to our legal system. We just don’t understand why lawyers get such advantages when relieving us of our wealth.

By: Vickie Pynchon

Vickie Pynchon — Sun, 02 Nov 2008 15:46:05 +0000

Where’s the attack? Seriously. I’m missing it.

By: SmokeVanThorn

SmokeVanThorn — Sat, 01 Nov 2008 23:17:06 +0000

What a silly attack on a strawman.

By: EW

EW — Fri, 31 Oct 2008 21:07:41 +0000

i totally agree, it matters who gets in office but in the end they don’t really have the power to ruin our system or anythink like that. There are too many checks and balances set up and the people, as you said has too much power to let that happen. So even if the liberal illuminati do get into office not all hope is lost.

By: Ted Frank

Ted Frank — Fri, 31 Oct 2008 19:47:17 +0000

The Rule of Law is extraordinarily important, but it's also important to note that most of the legal policy issues where Walter and I take positions are issues where scaling back the reach of the legal system would promote the ideals behind the Rule of Law by increasing certainty. (For example or another example.) One can easily hypothesize a Laffer Curve where devoting too much of a society's resources to legal disputes is counterproductive, and the arguments that we are, in many areas, on the wrong side of such a curve are quite persuasive. Unfortunately, both Obama and McCain are proposing increased government interventions in the marketplace that will increase uncertainty and have a devastating effect on the economy—repeating the mistakes made by Hoover and Roosevelt. Whoever wins should be forced to read Amity Shlaes's The Forgotten Man multiple times.

By: RFW

RFW — Fri, 31 Oct 2008 17:34:07 +0000

Wow!
It’s amazing to read this even though somehow I knew the importance of the rule of law. Thanks for sharing!
RFW