LightSquared

The LightSquared debacle still isn’t quite over; the remains of the politically connected company are now suing the government over its denial of a permit to operate. Since I was strongly opposed to LightSquared’s effort to make money by breaking GPS, I thought I should note Richard Epstein’s contrary take.

Epstein is a very smart guy, so maybe there’s something to this, but I don’t see how to reconcile his position with the expert testimony on LightSquared’s scheme.

(Previous post.)

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