Richard Gordon, however, contends that subsidies are the wrong prescription for the industry’s woes. The real policy problem, he argues, is that the nuclear power industry is burdened by unjustifiably strict edicts from the Nuclear Regulatory Commission. Gordon proposes to eliminate the NRC and its regulatory code and to replace it with a regime of strict liability for nuclear power generators. Peter Bradford, a former commissioner at the NRC, and James Hewlett, a nuclear industry analyst at the Energy Information Administration, will comment.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.