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Academic

: The University of Chicago Law School Faculty Blog

Richard Epstein: "Richard Nozick Vs. The U.S. Congress"

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In his latest weekly column for Forbes.com, Richard Epstein argues that the failures of Fannie Mae and Freddie Mac are a result of Congress' over-reliance on "patterned principles" in making decisions: Now that yesterday's market nosedive shows the disappointing Congressional bailout has not calmed markets, let the post-mortem begin. Disasters like this latest financial meltdown don't just happen. Mistakes this huge require an impoverished political philosophy to grease the skid read more

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Full post as published by The University of Chicago Law School Faculty Blog on October 07, 2008 (boomark / email).

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