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What would the legal argument for invalidating the law be? There is no constitutional right to efficient markets that would lead the supreme court to strike dow
by afarrell 12y ago
What would the legal argument for invalidating the law be? There is no constitutional right to efficient markets that would lead the supreme court to strike down the law. I think the court would declare this a "political question" and refuse to grant cert thereby not ever hearing the case.
- kristopolous 12y agoI was thinking it would have been from English Common law - you know, from like the 14th century or so. I find the reasons presented for these types of laws to always be patently absurd when generally applied and it just seems like an obvious shoo-in that should have been there since like the hundred years war.
- afarrell 12y agoWhy would there have been anything about efficient markets back in the hundred years war? Adam Smith wasn't publishing until around the French and Indian war (AKA 7 years war) 300 years later. Also, what leads you to believe that creating economic inefficiency to the benefit of some special interest is somehow against ancient and established traditions?