Professor Bainbridge...on law, politics, religion, culture & food

It’s 3:00 a.m. and global markets are tanking. . .

Larry Ribstein:

So who do we want to answer the phone? ... We don’t want populist policies (e.g., anti-trade) that get votes in the short run but are likely to lead to economic disaster (in other words, we’d rather that phone didn’t ring in the first place).  And we don’t want a president whose economically naive populist policies will frame his or her response to whatever disasters occur.

For a guy who keeps saying he’s not going to become a political blogger, Larry does a pretty good job of political blogging.