Thursday, February 3, 2011

The Tort Reform We Need

Marginal Revolution: Dialogue with David Leonhardt
I also favor reduced liability standards for major new innovations. Take the various plans for robot-driven cars. They will kill some people, as do human-driven cars. We run the risk of having the status quo so locked into place, so grandfathered, and so implicitly favored by the realities of regulation and lawsuits, that such an idea might never get off the ground.
That's Tyler Cowen

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