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.
To outsiders, its initials once stood for No Such Agency. To its employees, they stood for Never Say Anything. Today the public knows that the ultra-secret National Security Agency manages the nations spy satellites, but few know exactly why the NSA is the most powerful U.S. intelligence agencyor its roles in the Cold War, the hunt for Osama bin Laden, and Echelon, the worldwide NSA spying operation that, many charge, is illegally monitoring innocent citizens. No outsider knows more about the NSA than investigative journalist James Bamford, who began to research it before most members of Congress had even heard of it. In this talk, Mr. Bamford explained why he believes the NSA is a dangerous, two-edged sword.