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Britney fact of the day

Summary:
A systemic issue that I think is shocking is that Britney has to pay for everyone. In this case, she not only pays for her own court-appointed counsel, she pays for her dad’s lawyers — he has multiple sets of lawyers who are actively fighting against her wishes in court. Recently, one set of her dad’s lawyers billed 0,000 for roughly four months of work, which is about ,000 a day. And that includes PR specialists that were defending the conservatorship to the media. Here is further information.  Sounds optimal to me!  After all, I have a friend who knows somebody who is in a coma and needs a guardian.  Nothing to see here, move on people…why would you ever expect the political economy of this issue to yield suboptimal results, given how well the rest of our bureaucracies work…?

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A systemic issue that I think is shocking is that Britney has to pay for everyone. In this case, she not only pays for her own court-appointed counsel, she pays for her dad’s lawyers — he has multiple sets of lawyers who are actively fighting against her wishes in court. Recently, one set of her dad’s lawyers billed $890,000 for roughly four months of work, which is about $10,000 a day. And that includes PR specialists that were defending the conservatorship to the media.

Here is further information.  Sounds optimal to me!  After all, I have a friend who knows somebody who is in a coma and needs a guardian.  Nothing to see here, move on people…why would you ever expect the political economy of this issue to yield suboptimal results, given how well the rest of our bureaucracies work…?

Fortunately it was just ruled that Britney can hire her own lawyer to represent her.

Via Shaffin Shariff.

The post Britney fact of the day appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

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