Federal obstruction of justice statutes bar anyone from interfering with official legal proceedings based on a “corrupt” motive. But what about the president of the United States? The president is vested with “executive power” which includes the power to control federal law enforcement. A possible view is that the statutes do not apply to the […]
All Work By Eric A. Posner
Climate Regulation and the Limits of Cost-Benefit Analysis
Over the past two years U.S. regulatory agencies have issued fourteen regulations that take into account the effect of industrial activities and products on the global climate. The regulatory activity so far has already set precedents on which future regulation will rest. Yet despite the potentially momentous consequences, it has received no comment in the […]
Should Greenhouse Gas Permits be Allocated on a Per Capita Basis
Many people believe that the problem of climate change would be best handled by an international agreement that includes a system of “cap and trade.” Such a system would impose a global cap on greenhouse gases emissions and allocate tradable emissions permits. This proposal raises a crucial but insufficiently explored question: How should such permits […]