Eric Posner on the AIG Bailout
The Volokh Conspiracy bloggers have been wondering whether the Fed actually has the legal authority to bail out AIG in the manner it which it is doing. The Fed is authorized to extend credit to private firms, but the law does not give it authority to buy them; the law also does not explicitly forbid [...]
Political Discourse
Orin Kerr of the Volokh Conspiracy eloquently summarizes my feelings on the recent political discourse. No, I’m not going to quote. Just go read it.
Note: if you don’t get it, then you’ve never seen this and have led an empty life up to the moment you click that link.
