Delusion And The Rule Of Law
from William K. Black, New Economic Perspectives
John Cochrane Loves the Rule of Law (Some Exceptions Apply)
As Brad DeLong aptly puts it, John Cochrane was once an economist. Cochrane is now a right wing ideologue surrounded by similar ideologues at Hoover. He is pushing his new chapter in a Hoover book entitled American Exceptionalism in a New Era. His chapter’s title is “Law and the Regulatory State.” I will be writing several articles responding to Cochrane’s chapter, but this first piece concentrates on one key belief that Cochrane said he held that we all agree with. My point is that Cochrane is not living up to his claimed beliefs, which he summarized in his introduction.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201801130053
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