I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
Richard PosnerBecause reputation lags achievement, we should expect people to reach the zenith of their reputation well past the zenith of their productive output
Richard PosnerThe only rationale that the states put forth with any conviction-that same-sex couples and their children don't need marriage because same-sex couples can't produce children, intended or unintended-is so full of holes that it cannot be taken seriously.
Richard PosnerAs a social good, I think privacy is greatly overrated because privacy basically means concealment. People conceal things in order to fool other people about them. They want to appear healthier than they are, smarter, more honest and so forth.
Richard PosnerMacKinnon's treatment of the central issue of pornography as she herself poses it - the harm that pornography does to women - is shockingly causal. Much of her evidence is anecdotal, and in a nation of 260 Million people, anecdotes are a weak form of evidence.
Richard PosnerI was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
Richard Posner