The Corner

Grading Bush and Obama

Today on Uncommon Knowledge, Richard Epstein, professor of law at the University of Chicago and NYU, on the responses of presidents Bush and Obama to the economic crisis. One characteristic, Epstein argues, unites both men: an astonishing ignorance of bankruptcy law.

When we attempt to bail out failing enterprises, Epstein insists,

we take them away from bankruptcy judges, who are experts, and give them to a collection of congressional individuals who are charitably called clowns.  When you bring commercial decisions to Congress they become politicized, and politicized decisions become destructive decisions.

To watch, click here.

Peter Robinson — Peter M. Robinson is a research fellow at the Hoover Institution.

Most Popular

Politics & Policy

When the Tide Comes In

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader, “Save Ike from the Kikes.” I’d better explain. This weekend marks the one-year anniversary of the Nazi troll armies’ march ... Read More
Film & TV

Celebrity Activists Do Not Help

Michelle Williams, an actress, has decided to become a spokesman on the issue of pay inequality in her profession, and appears this month on the cover of Vanity Fair with a headline to that effect. This decision follows what she describes as a humiliating episode in which she learned in the pages of USA Today ... Read More