Offshore Drilling Is an Easy Call

Check out our piece below, also featured in POLITICO this week: http://www.politico.com/news/stories/0410/35464.html

President Barack Obama’s surprise announcement that he plans to open a big swath of coastal waters to offshore drilling apparently had little to do with energy security and a lot to do with the …

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Efficiency and Social Justice?

The White House apparently wants to shake up federal rulemaking with an executive order that may radically shift the focus of oversight by its Office of Information and Regulatory Affairs (OIRA). Now, the criteria used in such oversight has never been cut and dried – politics counts along with economics. …

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Heaton and Helland on Court Access

Economists are of two minds about the use of courts to manage civil disputes. On the one hand, the threat of litigation makes contracts enforceable and drives tort settlements, thereby minimizing the need for government regulation. On the other, litigation chews up vast resources. Alas, a striking new …

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Drill, Baby, Drill — the Morning After

Remember back in the summer of 2008 when the McCain campaign, desperate for a comeback issue, gained some traction with “drill, baby, drill”? The environmental lobbies shuddered reflexively at the prospect of aggressive domestic oil development – and for a news cycle or two Republicans thought they had found the …

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