$67M pants: prob with litigation in America?

Look guys, do we judge a whole system on the fact that some folks abuse it via craziness??

If so...give up your guns.

WildimpurpleandmypantshavebeenstolenAlaska
 
BTW, capitalism doesn't work well when transaction cost is high (taxes, regulation, and product litigation all raise the transaction cost).
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You forgot to use the term artificially. Capitalism only works when transaction costs reflect reality. Artificially high transaction costs distort the market. But, artificially low transaction costs do the same. Artificially low costs can happen when transaction costs are exported to a third entity. An example would be the fact that pollution costs are externalised to the populace as a whole while the benifits of being allowed to pollute acrue only to the polluter.

Becker-posner have a good free market blog for those interested in radical free market thinking, their site is here:
http://www.becker-posner-blog.com/

There is also a Von-mises web site at:
http://www.mises.org/ where austrian school economic thought is discussed as it applies to current events.

I am a bit of a student of libertarian economics and wish that republicans would spend more time understanding their own position on economic matters.
 
The system worked. I'd prefer that a judge not have the authority to dismiss a case. You could get JUDGE PEARSON on your case!
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Good point on having a judge Pearson hearing the case. Now, the system most emphatically did NOT work; the case got as far as it did. Only the disbarment of Mr Pearson will show that the system is "correcting" itself.
 
Hmmm, maybe Shakespeare was right, "First thing we do..."
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This famous line from Henry VI was not a criticism of lawyers; it was actually in praise of attorneys. The quote expresses the speakers desire to eliminate impediments to a revolution – they need to get rid of the lawyers in order to overthrow the government.

If you intend to create anarchy through rebellion, the first objectives will be to get rid of legal process, individual rights, and the truth. The members of the rebellion realized it would be the lawyers that would stand up and identify how individual rights were being abused and due process was not being afforded. It was the lawyers who would recognize that rebellion sought to take away freedoms rather than grant them.
 
Stupid... Idiot!!!

This sounds as terrible as the one lawyer who's willing to take clients who file lawsuits on alien abduction. So who does he take to court? The Federation? Spock better go back to Vulcan if he knows what's good for him. Better yet, if Worf was a lawyer, it'd be over with a fight to the death!!


Epyon
 
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