Toxic Compensation Bills

Toxic compensation bills.

Congress has demonstrated interest in toxic compensation legislation, but not enough agreement to make significant progress. Advocates of reform claim that the legal system is heavily weighed against victims who seek compensation through the courts. Proposed reforms include a compensation fund and a cause of action in federal court. Critics have questioned whether these changes in the law would...

The Real Bills Doctrine

With recession lingering and interest rates remaining high, one hears increasingly that the Fed should abandon its money growth targets and move to a policy of lowering interest rates to full employment levels. All would be well, we are told, if only the Fed would set a fixed low interest rate target consistent with full employment and then let the money stock adjust to money demand to achieve ...

Goal Analysis versus Institutional Analysis of Toxic Compensation Systems

Wiltshire Coroners' Bills 1752–1796

absence of any restraint upon the author's curiosity by the need to attend to a specific problem. This author is indeed inquisitive: he exploits analogies from all the natural world to explain physiological processes, and he is probably the first person known to have modified an existing object to make an apparatus for use in demonstration. Analogical reasoning and experiment loom large in thes...

Identifying Delegation in Congressional Bills

Theories of delegation abound in political science, economics, and public administration, but there have been few empirical tests of these theories. One major roadblock is the lack of a comprehensive data set on acts of delegation. I take a necessary first step toward testing these theories by training a neural network to classify whether sections of bills are delegating public authority to the...