The American Bar Association is a friend to lawyers and an enemy to the law.
THE rule of law is one of the greatest goods a society can enjoy. Private law in the form of rules concerning property and contracts perfects the market by assuring that promises are kept and the fruits of labor protected. Public law in the form of constitutions and administrative procedures provides an enduring framework for government, empowering it to supply public goods that the market cannot. Finally, by reducing the level of uncertainty in our dealings with one another, the rule of law generates wealth more pervasively than any technological invention in history.
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