The economic reason to be a nation of laws instead of powerful men is that the more predictable the system is, the less deadweight losses go into making sure yo

The economic reason to be a nation of laws instead of powerful men is that the more predictable the system is, the less deadweight losses go into making sure you don't run afoul of it. I worry that as the judicial system becomes more and more capricious and exploitable by moneyed interests, new market entrants without the funds for a huge battery of lawyers will not be new market entrants for long.