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The Takings Clause of the Constitution’s Fifth Amendment made national news last week with the spectacle of AIG playing Hamlet in debating whether “to sue, or not to sue” the federal government over the terms of the company’s bailout — a rather backhanded way of thanking American taxpayers for keeping the company from certain bankruptcy ...
A week ago, Aaron Swartz — social activist, geek genius — took his own life. Facing the choice between a federal prosecutor who insisted that he either accept the label “felon” and go to jail or fight a million-dollar lawsuit against 13 felony indictments, Aaron took the third option, and hanged himself. And with that ...
Despite its dismal approval rating, Congress deserves thanks for at least not driving the economy over the fiscal cliff. Let me state unequivocally that the New Year’s Day deal was a lot better than the alternative, no doubt. That said, a treacherous fiscal obstacle course still looms ahead of us. To get through it, compromise ...
Some say economics is not a science at all, because it doesn’t successfully predict the future. Others point accusingly at a lack of unanimity. Many construe fierce political convictions as a sign of bias. These differences of opinion don’t signal immaturity or inadequacy in scientific endeavors; they are a driving force of scientific progress. As ...
Congress is broken, and everyone knows it. Its approval ratings hover around 10 percent, and a recent poll from Public Policy Polling found that Congress is currently less popular than cockroaches, lice and traffic jams. It has difficulty getting any sort of business done, let alone address our nation’s major challenges, like climate change, immigration, poverty ...
In a statement given to wonkblog over the weekend, the Treasury department announced that “Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit.” Jay Carney followed up with the statement that there “are ...
Opponents of laws regulating the sale, manufacture and use of guns fervently invoke the Second Amendment. In their view, the Second Amendment (“a well-regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed”) forbids the government to regulate guns. Period. ...
An economic and political system that does not deliver for most citizens is one that is not sustainable in the long run. Eventually, faith in democracy and the market economy will erode, and the legitimacy of existing institutions and arrangements will be called into question. The good news is that the gap between the emerging ...
It has been a decade since lawyers and technologists formed the nonprofit corporation Creative Commons to help artists and authors share their work with each other and the world. Creative Commons offered free copyright licenses, tied to underlying computer code that made it simpler for artists and authors to signal the freedoms they want their ...
An event that has received far too little attention in the United States was the election of a new prime minister in Japan. Last month, the people of Japan voted overwhelmingly to throw out the governing party and to support the return of the Liberal Democrats headed by Shinzo Abe. Electing Liberal Democrats is not ...
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