In today’s slow-growth climate, many pundits and politicians are pushing for new solutions to get the economy in a higher gear. A better path forward may be looking to lessons from the past.
New York University law professor Richard Epstein spoke about Nobel Prize-winning economist Friedrich Hayek’s continued relevance to today’s economic and political debate at the Mercatus Center last week. Though Hayek died in 1992, his insights are sorely needed today.
As Epstein made clear, Hayek was a passionate defender of the rule of law. Hayek understood that for a constitutional system to succeed in protecting those whom it governs, there must be both fair and neutral judges and laws that are coherent and understandable by normal citizens–not just lawyers and accountants. The movement away from these principles is where Hayek’s relevance is most-clearly seen today.
Read the full article at CapX, here.
In the wake of yet another missed deadline by the Federal Aviation Administration’s rules on commercial drones, the U.S. House Transportation and Infrastructure Subcommittee on Aviation held a hearing Oct. 7 on aviation safety related to the controversial technology–also known as unmanned aircraft systems (UAS)—where calls for “immediate action” and “something to be done” echoed through conflicting testimonials.
“Doing nothing in the face of danger isn’t an option,” was a sentiment expressed by U.S. Rep. Michael Capuano (D-MA)–a tone not uncommon to the debate on drones.
The concerns expressed by the various committee members, as well as Captain Tim Canoll, president of the Air Line Pilots Association, largely focused on “near misses” between airplanes and drones. The issue is all the more salient given a report released a day earlier from U.S. Sen. Dianne Feinstein’s (D-CA) office that “shows nearly 200 reports of close encounters involving drones” that were “reported in California since April 2014 – the most of any state.”
Although these close encounters are indeed troublesome, the reality remains that there has yet to be any reported incident of a civilian drone actually colliding with a manned airplane. In fact, the most serious incidents represented in the FAA’s data on pilot-reported incidents involved government military drones.
Read the rest on Watchdog here.