Walter Olson, the "Guru of Tort Reform," on Arbitration

In the past, The New York Times has solicited new online subscribers via a pop-up banner reading, “You look like someone who enjoys a good story." This is is particularly apt for the editors of the Times, who seem to prefer dramatic story-telling over unbiased journalism. Walter Olson, the Cato Institute's "Intellectual Guru of Tort Reform," has been monitoring a particularly skewed narrative, endorsed by a series of NY Times articles that assault private arbitration. Businesses and consumers have embraced the arbitration alternative over expensive and unpredictable courtroom trials, which often enrich trial lawyers but do little for litigants.  Most lawyers are the good guys in America, defending liberty and keeping consumer prices low, but some members of the profession do quite the opposite. Want to talk about money in politics? Olson explains how the trial lawyer lobby became one of the most powerful special interests around.