was thinking earlier no one is actually anti-regulation maybe people just want regulations of outgroup institutions "but im libertarian" buddy what do you think the constitution is
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Replying to @eigenrobot
What I've never understood: What is the difference between common laws and regulations? To my mind nothing, except the fact that libertarians love the former.
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Replying to @granderojo
oh sure I can talk about that um! difference in a technical sense or in a practical sense?
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Replying to @eigenrobot
I know that both come from different branches of government but one praised to high heaven and the other is often shit on. Practically they seem to operate similarly.
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Replying to @granderojo
um law + econ take: common law mostly deals with resolution of contracts and torts, and ends up being reasonably efficient because parties can plan their contracts and behaviors around common law conventions a la Coase (or something approximating it)
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Replying to @eigenrobot
It's been my perspective that common law can be more punitive than regulations but I don't know how true this is.
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this is possibly just fine, especially if it's _predictably_ punitive
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