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Richard Epstein


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Richard Epstein on Credit Card Interchange Fees

From his second post at the Truth on the Market Symposium on the same topic: By putting one part of a complex payment industry under a microscope we divert resources from cost reduction measures that have unambiguously positive effects. How large a cost is this? Frankly, no one knows. But...

7Vote!

Harsh Words For Politicized Economic Advisers

Richard Epstein, writing in Forbes, has some very unkind but deserved words for President Obama’s panel of economic advisers and specifically, Christina Romer. The recent “upbeat” news is that the level of unemployment has leveled off at about 10% after its earlier climb this year. And just what has been the role of his professional advisors [...]

5Vote!

Welcome to Day Two

... Law School) Tom Brown (O’Melveney & Myers) Bob Chakravorti (Federal Reserve Bank of Chicago) Richard Epstein (University of Chicago and NYU Law Schools) Joshua Gans (University of Melbourne Business School) Ron Mann (Columbia University Law School) Geoffrey Manne (International Center for Law & Economics and Lewis & Clark Law School) Tim Muris (George Mason University School of Law...

7Vote!

ED’s New Site: The New Decembrist

... that might just be me with diminished expectations – Lawrence Lessig is able to start convincing Richard Epstein on campaign finance, so maybe there’s room for a giant liberaltarian movement here. 2) Narrow and focus the role of the Federal Reserve…3) Render Fed actions and deliberations transparent. To me this is an either/or. If the Fed wants to be the systematic risk regulator...

10Vote!

Truth on the Market Symposium on Interchange Fees:

... Law School) Tom Brown (O’Melveney & Myers) Bob Chakravorti (Federal Reserve Bank of Chicago) Richard Epstein (University of Chicago and NYU Law Schools) Joshua Gans (University of Melbourne Business School) Ron Mann (Columbia University Law School) Geoffrey Manne (International Center for Law & Economics and Lewis & Clark Law School) Tim Muris (George Mason University School of Law...