From fingerprinting to criminal sentencing, from lawyer licensing to judicial selection, and from eminent domain to wealth transfers via class-action lawsuits, how do perverse incentives impact the law and what reforms would create a more just and efficient legal system?
Independent Institute Research Fellow Edward Lopéz, Associate Professor of Law and Economics at San Jose State University and editor of the new Institute book The Pursuit of Justice, talks with Institute President David Theroux about the faulty incentives at the heart of government legal failures and whether market-based alternatives can provide viable solutions to the serious problems caused by the bureaucratization and politicization of the law.
In June 2008 the U.S. Supreme Court handed down a landmark ruling on the Second Amendment individual right to keep and bear arms with its Heller v. District of Columbia decision. Two years later, in June 2010, a second historic decision squeezed through the highest court in the land.
Independent Institute Senior Fellow Robert Higgs is interviewed on Governments Intrusions Threaten Economy. Interviewed by Steve Stanek of the Heartland Institute, Dr. Higgs explains that the governments growing intrusions into the economybank bailouts, economic stimulus, interest rate manipulations and credit expansion by the Federal Reserve, increased business regulationscould eventually lead to soaring price inflation and interest rates and another, far worse economic downturn. The solution is to move deliberately to end such policies and the accumulation of federal bureaucratic programs, controls and taxes on Americans.
Originally aired on January 17, 2010 on "Two-Way Street." Charles Peña, Senior Fellow at the Independent Institute, joins a panel of foreign policy experts to support the discussion topic: The U.S. should close its military bases around the world.