Richard Epstein
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Dec 13, 2024 by Brendan McCord · said 2 times in 1 episodes since 2024 · across every show →
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2024 2 mentions in 1 episode
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Dec 13, 2024 positive
McCord: Complex systems adapt best under simple property and liability rules
“Actually, the best way in complex systems is to have
A very simple uniform set of rules like property rights or contract law or tort liability.
And these things are much better at adapting than trying to come up with a patchwork of systems that just lead to in…”