http://philldiscgolf.com/swm.php The BP spill is remarkable because the initial reportage seems to indicate that this was preventable, and can be laid at the feet of a specific Bush administration policy change in 2003. And now there is talk of fixing the oil-spill problem simply by making oil companies fiscally liable for the damage caused. That seems […]
A Good, Brief Refutation of Libertarianism…
16-Jun-10Oliver-Valdefierro Edward Glaeser, via Andrew Sullivan: Consider the purely hypothetical case of a massive oil spill in the Gulf of Mexico. The traditional libertarian would argue that regulation is unnecessary because the tort system will hold the driller liable for any damage. But what if the leak is so vast that the driller doesn’t have the […]