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fair use
What is most curious about this doctrine is that neither the decisions that have applied it for nearly 300 years, nor its eventual statutory formulation, undertook to define or explain its contours or...
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blackrock crossing network
It’s here! BlackRock launched the much-discussed fixed income crossing network. BlackRock Solutions will operate the network for the benefit of it’s own managers and a network of forty-six external...
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wherefore markets, organizations
Why, in a modern society, do we have markets, and why do we have organizations, and what determines the boundary between these two mechanisms for social organization? These questions go to the heart of...
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oligarchy
David Brooks tells a nice story about oligarchy in his recent column - Why our Elites Stink. It’s hopeful to think about an ethical elite. I find it appealing – like we’ll be looked after by munificent...
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roberts changes his mind
When a court confronts an unconstitutional statute, its endeavor must be to conserve, not destroy, the legislation. –Justice Roberts, National Federation of Independent Business v. Sebelius – the...
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the GOP through the looking glass and into a platinum coin
This is Alice in Wonderland looking through the looking glass at debt management –Rep. Greg Walden (R., Ore.), quoted in WSJ Walden fears the trillion dollar coin solution to Republican obstruction....
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