Law, like other human artifacts, is costly to produce, to distribute, and to apply.
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On February 16, 2016, a federal court ordered Apple to “assist law enforcement agents in enabling the search” of an iPhone that had been lawfully seized during the investigation into a mass shooting in San Bernardino, California.
When Americans break the law—whether it’s a minor offense like littering or a serious crime like felony assault—they tend to face the same financial penalties, no matter their income.
Brent Tyrrell worked for railroads all his life. When he was working for BNSF, a multibillion-dollar company and one of the largest railroads in North America, Brent developed terminal kidney cancer, allegedly as a result of his on-the-job exposure to harmful industrial chemicals.
Consumer contract theory is myopically focused on the unread fine print. Because consumers don’t read their contracts, firms can make “hidden” terms worse without lowering prices.