To get a better handle on what sort of libertarianism was at play at Liberty Forum, I asked attendees what their ideal society would look like. The answer, for the most part, was that it would be completely different from the world we know. Drugs and prostitution would be legal. Education and medical care would be market commodities or gifts. In the absence of government support, individuals would be forced to help each other. Without liability protection or the ability to lobby for favours from the state, corporations as we know them would disappear in favour of smaller, more dynamic companies. The vision is so distant and theoretical that even Déjacque-style anarchists and Cato-esque reformers can work side by side in the same movement.
Bill Fulkerson on 16 Aug 17"In a recent article, Professor Brian D. Galle of the Georgetown University Law Center argues that "ex post regulation"-which imposes liability only after a harm occurs-has even more significant disadvantages than previously thought. Since managers at regulated firms have a tendency to discount long-term regulatory consequences, Galle favors "ex ante regulation"-or imposing costs before an actor harms another-as the more efficient way of regulating."
