Contracts are Not for Judges to Re-write

by Don Boudreaux on February 13, 2009

in Government Intervention, Law, Reality Is Not Optional, Seen and Unseen

My colleague at GMU Law and at the Mercatus Center, Todd Zywicki, explains in today's Wall Street Journal why the increasingly popular idea of letting judges re-write mortgage contracts is a terrible idea — one likely to perform its own market destabilization.

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