Crisis and the Law with Richard Epstein

Monday, March 30, 2009
Hoover senior fellow Richard Epstein considers the soundness of contracts and the constitutionality of taxing bonuses at a rate of 90 percent.

Considered one if the most influential legal thinkers of modern times, Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, brings his libertarian views to bear on the current financial crisis—“government incentives were perverse, so the actions of the private parties were perverse”—and rates the performances of George Bush and Barack Obama in their responses to the crisis. He speaks to the importance of contracts and the constitutionality of the “expo facto” taxation on AIG executives and the Employee Free Choice Act embraced by President Obama. Finally he speaks of his personal and professional dealings with Barack Obama when they were law school faculty mates at the University of Chicago. (38:22 ) Video transcript

Recorded on Monday, March 23, 2009