Tag Archives: regulations

BP Oil Spill – Property Rights, Moral Hazard, and the Constitution

By now, nearly everyone is aware of the disastrous BP oil spill in the Gulf of Mexico.  An oil rig exploded, causing the death of 11 workers, and resulting in a leak of about 5,000 barrels of oil a day. In time, it is likely that this will become the worst oil disaster in history, [...]

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