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Thaya Brook Knight is associate director of financial regulation studies at the Cato Institute. She is an attorney with extensive experience in securities regulation, small business capital access, and capital markets.
Ask any first year law student “what did you learn in school today” and you’ll probably get some version of the answer: “duty-breach-causation-harm.” While this applies specifically to tort claims, it seems axiomatic, even for non-lawyers, that you can’t sue…