Showing results for: “digital markets act”
House Oversight Committee Hearing
Here is my testimony before the House Oversight Committee hearing last week regarding implications of the government as a shareholder in TARP recipients, particularly Citigroup, AIG and GM. It gave me a unique opportunity to continue discussing my Treasury Incorporated paper. I certainly hope the members took notes, although I doubt it. Nothing has been done since the last ... House Oversight Committee Hearing
Are Republicans crazy?
My brilliant and beloved colleague Brian Leiter refers to Republican voters as “sociopaths, villains, religious zealots, and crazies.” There is much to this – the 50 percent or so of the voting population that traditionally vote for the GOP includes its fair share of misinformed nuts. But is there any reason to believe that Republicans have ... Are Republicans crazy?
Never Let A Crisis Go To Waste, Vietnam Edition
In light of economic worries in Vietnam, the WSJ reports that the country is soon likely to impose a widespread set of price controls and restrictions on political activity after an encouraging move toward freer markets: Carlyle Thayer, a veteran Vietnam watcher and professor at the Australian Defense Academy in Canberra, says conservative factions in ... Never Let A Crisis Go To Waste, Vietnam Edition
Daubert and Antitrust Economics, Or When Should An Antitrust Economist Have Training in Economics?
Judge Saris’s district court opinion denying the motion to exclude one of the plaintiff’s economic experts in Natchitoches Parish Hospital v. Tyco International recently came across my desk. It is an interesting case involving allegations that Covidien, a leading supplier of “sharps containers” used for the disposal of various needle-involving medical products (syringes, IVs, etc.) ... Daubert and Antitrust Economics, Or When Should An Antitrust Economist Have Training in Economics?
Regulating Local Food Out of the Market
The Nanny Brigade has once again descended on the Windy City. It previously sought to protect us from unhealthy trans fats, smoking in private establishments that we voluntarily patronize, and those oh-so-offensive theatrical depictions of smoking. The Nannies are now working to protect Chicago’s well-heeled from risks associated with the locally produced, artisanal sausages sold ... Regulating Local Food Out of the Market
Paul Krugman is a partisan hack
Occasionally I read Mr. Krugman’s column for entertainment purposes — sort of like watching Project Runway or Animals Gone Wild. This morning was one of those occasions. The man is a partisan hack of the worst sort. Why does anyone take his political observations seriously? Some thoughts about this morning’s column. 1. Krugman starts by ... Paul Krugman is a partisan hack
Drawing lines
One of the first things law students learn is that law is mostly about drawing lines between acceptable and unacceptable conduct. Some lines are easy to draw: murder is out; giving money to charitable causes is in. But even in these cases, there are definitional and moral puzzles at the boundaries. When is taking a ... Drawing lines
Update on backdating
It’s been quite a while since we discussed backdating here at TOTM. But back when it was all the rage, we were substantial contributors, formulating (we believe) some of the first fundamental explanations of the issues. Some of the best posts from our backdating archive are here: I look pretty young but I’m just backdated, ... Update on backdating
"Diminishing the price of law"
The lesson from Jones, see my post below, is that law untamed can be very costly, and with little benefit. This is, of course, not a new idea. In a critical essay of “Southey’s Colloquies on Society,” Lord Thomas Macaulay wrote eloquently about the cost of law and government: “Our rulers will best promote the ... "Diminishing the price of law"
Who decides how much to pay?
What is the proper role for judges in deciding how much investment advisers to mutual funds should be compensated? This is the question the Supreme Court will answer in Jones v. Harris Associates, argued last month. At first, the question seems silly: courts don’t get a say in how much I get paid or how ... Who decides how much to pay?
Debating Google
Apologies for the late notice on this. Last week I was on a Federalist Society panel discussing Google’s antitrust issues with Rick Rule, Susan Creighton and Scott Cleland. The event description follows, and you can find audio of the panel here. It was an interesting discussion, full of nice ironies in that Microsoft’s chief outside ... Debating Google
Features v. Bugs: Intel and the Relationship Between Sections 2 and 5
There will be much to say about the Federal Trade Commission’s Intel complaint in the coming months. And we’ve said quite a bit already. But having just read the complaint and the statements from Chairman Leibowitz and Commissioner Rosch discussing the various rationales for making Section 5 the primary hook for this case, I wanted ... Features v. Bugs: Intel and the Relationship Between Sections 2 and 5
