January 29, 2014

SPINNING THE DOJ REVOLVING DOOR. “A cynic might say that what is corrupt here isn’t the practices of American companies overseas but a regulatory regime so arbitrary and complex that it winds up enriching the regulators (once they pass through the revolving door), because they are the only ones who understand how it works well enough to advise on it. Another case for the Glenn Reynolds anti-revolving door tax of ‘A 50% surtax on anything earned within five years after leaving the federal government, above whatever the federal salary was.’”