How Conservative is the Big Insurance Push for State Government Control of Attorneys’ Fees?

By Ryan Banfill FJA Communications Director When President Richard Nixon enacted wage and price controls in the early 1970s, iconic conservative economist Milton Friedman cautioned that the policy would spur inflation despite creating the illusion of price stability. Friedman – who won a 1987 federal case seeking plaintiff’s attorneys’ fees – was right. Now, insurers…