LEGAL TYRANNIES: Duane Freese of Tech Central Station has an excellent piece on the dangers of trial lawyers, and their increasing drag on the economy:
In the 1950s, though, Congress shed a light on the mafia. It can do the same now on the trial bar. America was lucky in the 1990s. High technology was able to bring about vast improvements in productivity and produce a boom. The massive torts at the end of the 1990s, though, may now be one big reason the economy has found it hard for the current recovery to gain traction.
Read the whole thing.