Here are my recommendations:
... The real puzzle thus is that federal judges are claiming-at least implicitly-both a level of expertise about the workings of markets and organizations that, in some areas, not even the most sophisticated researchers in financial economics and organizational theory have reached ...
... The majority did essentially what the government told it to do ... Justice Ginsburg’s opinion ... framed the case as one involving a “theory of liability for which the Government seeks recognition,” and adopted the central element of the government’s theory.
The government’s interest is to win, not to clarify the law. It is important to recall that the government is represented by individual lawyers, for whom winning is itself important. One therefore would not expect them to devote much effort to helping the court work through the complexities of a given case.
Disconfim. Disconfirm. Disconfirm. Always ask yourself what piece of data would prove you wrong, and look for that data.
- And ... just about always, Econbrowser is the place to go to for information about what the movements in oil prices mean. In recent weeks:
The real story remains as it has been-- the demand for oil remains strong, and increases in production have not been very significant.
- Honorable mention to Sophistpundit on the relevance of the newspapers and their business model.