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What’s wrong with what Eduardo Penalver thinks is wrong with property rights initiatives

TOTM Over at Co-op, guest blogger Eduardo Penalver posts this screed against property rights initiatives like Oregon’s Measure 37 (about which I blogged here) and Washington’s . . .

Over at Co-op, guest blogger Eduardo Penalver posts this screed against property rights initiatives like Oregon’s Measure 37 (about which I blogged here) and Washington’s proposed Initiative I-933.  To my mind he gets it pretty much completely wrong, so I thought I should weigh in.

Read the full piece here.

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It’s all Roosevelt’s fault

TOTM My friend Seth Weinberger over at Security Dilemmas has a great post on why the left is actually to blame for the post-9/11 national security . . .

My friend Seth Weinberger over at Security Dilemmas has a great post on why the left is actually to blame for the post-9/11 national security apparatus it (and many others) hates so much. Basically, it comes down to “when the only tool you have is a hammer, everything looks like a nail.”  When bigger government is your answer to every problem, don’t be too surprised when big government tries to actually solve every problem.

Read the full piece here.

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On rigged(?) markets, casinos and Steve Bainbridge

TOTM Greetings loyal fans (i.e., “hi mom”) (actually, I’ve made this gag before, and so I think it’s time to set the record straight: My mom . . .

Greetings loyal fans (i.e., “hi mom”) (actually, I’ve made this gag before, and so I think it’s time to set the record straight: My mom has almost certainly — nay, certainly — never, ever read this blog.  I’m pretty sure she has no idea what a blog is at all. She may not even be sure what a computer is.).

Read the full piece here.

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Financial Regulation & Corporate Governance

National Review on Judicial Ethics and GMU’s Law and Econ Center

TOTM This National Review editorial defends George Mason’s Law and Economics Center from what it describes as “junk ethics” charges.  My colleague Ilya Somin has picked up . . .

This National Review editorial defends George Mason’s Law and Economics Center from what it describes as “junk ethics” charges.  My colleague Ilya Somin has picked up the story at Volokh.  In the comments to Ilya’s post, GMU Foundation Professor and Associate Dean Frank Buckley, Director of the LEC, responds to some of the charges that have been directed at the LEC (i.e. corporate donations are buying judges votes, anonymous donors allow corporations to do so freely, the lectures are part of a right-wing conspiracy, etc.)…

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Supremes Take New Antitrust Cases

TOTM Hanno Kaiser at the Antitrust Review reports (courtesy of the ABA listserv) that SCOTUS has granted cert in Weyerhauser (predatory buying) and Twombly (pleading standards), . . .

Hanno Kaiser at the Antitrust Review reports (courtesy of the ABA listserv) that SCOTUS has granted cert in Weyerhauser (predatory buying) and Twombly (pleading standards), but not Schering-Plough (reverse payments).

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Antitrust & Consumer Protection

Salinger on Price Gouging

TOTM Economist Michael Salinger, Director of the Federal Trade Commission’s Bureau of Economics for the past year, comments on the recent FTC Report and price gouging . . .

Economist Michael Salinger, Director of the Federal Trade Commission’s Bureau of Economics for the past year, comments on the recent FTC Report and price gouging in Sunday’s WSJ (HT: Greg Mankiw). I have blogged a bit about the FTC Report previously: once about its findings (that “market manipulation” did not explain post-Katrina price increases), once about media reactions to the Report, and again criticizing the ill-advised proposed federal price gouging legislation.

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Antitrust & Consumer Protection

DOJ Asks Court to Hold ABA in Civil Contempt

TOTM The press release is here. The petition alleges that the ABA violated at least six provisions of the 1996 antitrust consent decree, which was otherwise . . .

The press release is here. The petition alleges that the ABA violated at least six provisions of the 1996 antitrust consent decree, which was otherwise scheduled to expire on June 25th, and was filed along with a stipulation and proposed order in which the ABA acknowledges these violations and agrees to pay $185,000 in fees and costs.

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Antitrust & Consumer Protection

An Insider Trading Policy a Monkey Would Love

TOTM As Josh noted, Henry Manne recently published a WSJ op-ed arguing for liberalization of insider trading on efficiency grounds — chiefly, because such trading “aids . . .

As Josh noted, Henry Manne recently published a WSJ op-ed arguing for liberalization of insider trading on efficiency grounds — chiefly, because such trading “aids capital allocation decisions and informs business executives through market-price feedback of the best predictions about the value of new plans.” (For a more complete statement of Henry’s argument, see here.)

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Financial Regulation & Corporate Governance

The NYT on SCOTUSs Wetlands Decision

TOTM Yesterday, the U.S. Supreme Court issued a fractured decision in consolidated appeals raising the issue of which wetlands come within the ambit of the federal . . .

Yesterday, the U.S. Supreme Court issued a fractured decision in consolidated appeals raising the issue of which wetlands come within the ambit of the federal Clean Water Act (CWA). The wetlands at issue were next to drainage ditches that, when full of water, would eventually flow into navigable waters. The record did not establish whether the connections between the wetlands and the drainage ditches were continuous or intermittent, or whether the ditches contained continuous or merely occasional flows of water.

Read the full piece here.

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