Tuesday, May 12, 2009

The Better Bankruptcy Bureau - Megan McArdle

The Better Bankruptcy Bureau - Megan McArdle: "Most people underestimate just how economically valuable the rule of law is. A roughly stable investment environment that doesn't maximize social justice is undoubtedly better than an unpredictible one that tries to--just as the billions of poor people who live in states that have tried to exchange the former for the latter. The winners were not the dispossessed."

This is something to ponder.

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