government regulation

Unanswered Questions About Cost-Benefit Analysis

We have only fragmentary evidnece about how CBA actually functions in government decision-making.

Considering that people have been debating cost-benefit analysis at least since Reagan mandated its use in 1981, you would think we would have the answers to some basic questions about how it works. Yet we have very fragmentary information, generally based on the perspevtives of people at the agencies or in the White House Office …

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Raisins D’Etre?

Further proof that takings law is a mess, from a case involving government support for raisin growers.

Horne v. USDA might well have been a law professor’s hypothetical. In order to smooth out raisin prices, the federal government has a program of taking “surplus” raisins off the market and diverting them to “non-competitive markets” like foreign countries and school lunch programs. The effect is to keep up market prices for raisins. The …

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