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Published by the Cato Institute, Policy Analysis is a regular series evaluating government policies

and offering proposals for reform. Nothing in Policy Analysis should be construed as necessarily

reflecting the views of the Cato Institute or as an attempt to aid or hinder the passage of any bill

before congress. Contact the Cato Institute for reprint permission. Additional copies of Policy

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able studies, write the Cato Institute, 1000 Massachusetts Ave., N.W., Washington, D.C. 20001,

call toll free 1-800-767-1241 (noon - 9 p.m. eastern time), fax (202) 842-3490, or visit our website

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