THE NEXT SUPPLY-SIDE BATTLE.

The article focuses on the argument that legal reform is essential for American economic flourishing, emphasizing that the current legal environment—characterized by excessive costs, frivolous lawsuits, and a culture of litigation—significantly impedes economic productivity. It critiques the prevailing system for imposing high direct and opportunity costs on businesses, particularly harming small and innovative companies, and calls for reforms such as implementing a "loser pays" rule, raising evidentiary standards, limiting class action abuses, capping damages, and enforcing stricter statutes of limitations. The piece also highlights the need for specialized courts, merit-based judicial selection, and a cultural shift to discourage legal exploitation. These reforms are presented as necessary complements to supply-side economic policies to restore a fair legal system that supports growth and innovation. [Extracted from the article]