Religion & Law

Mises Vesus Keynes: And the Winner Is Politics
The current economic crisis has the two schools of economic theory, one associated with Keynes and the other with Von Mises, at odds over the cause and cure. Mises would blame government expansion of credit for the boom and recommend...

Moral Hazard Explained: Okamoto's Fine Grain Account Of Market Failure
We've heard a lot about moral hazard recently. The coarse account is that we should worry about bailing out risk-takers lest they come to rely on bailouts in their future risk calculations...

Mortgage restructuring and moral hazard
By Alan White Although moral hazard concerns for banks and securities investors went out the window with the various bailouts and government guarantee schemes, homeowners are not getting their debt written down, paid, insured or assumed by the Treasury...

Okamoto on Regulating Systemic Moral Hazard
After the Bailout: Regulating Systemic Moral Hazard, by Karl S. Okamoto, Drexel University College of Law, was recently posted on SSRN. Here is the abstract: How do we make our financial world safer? This Article offers a strategy for regulating...

LeRoy: Empirical Work on Judicial Review of Employment Arbitration Awards
Michael LeRoy (Illinois Law & ILR) has just posted on SSRN his article Do Courts Create Moral Hazard? When Judges Nullify Employer Liability in Arbitrations: An Empirical Analysis. Here's the abstract: State courts are creating conditions for moral hazard in...

Kudlow: Reagan + Friedman + Keynes
Given the current economic emergency, we need all the help we can get.

Mattel and Fisher-Price Toy Recall
Magnets and Lead Paint manufactured in China Create Poisoning and Health Hazard

Emergency Economic Stabilization Act of 2008
Bailout Bill HR124

Foreign Investment and National Security Act of 2007
Strengthens examination requirements of the Committee on Foreign Investment in the United States

Bayer CropScience AG
alleging farmers suffered economic losses after Bayer's biotech Liberty Link rice was released into the food supply and countries banned US rice.

Express Scripts Inc.
Over $9.5 million payout in deceptive business practices lawsuit.

FedEx
Ground Business Model Wins Class Action in Washington

Business Lawsuit
Elbit Imaging Ltd. agrees to pay CP Holdings Ltd. a $5 million settlement.

Personal Business
Jundts to pay $1.8 million settlement in debts lawsuit.

Suffocation Hazard Prompts Recall of Play Yards with Bassinets
Dorel Play Yards with Bassinets Recalled due to Suffocation Hazard