Vol. 25, No. 1, Spring 2002

Response to Consumer Reports

In a featured story Consumer Reports magazine reports that deregulation has wrought largely negative results for the buying public. Tom Firey ,managing editor and Peter Van Doren ,editor of Cato's Regulation Magazine respond to the article. Click here to read the response.

Cover Story

A New Crop of Subsidies

Reform's Stunted Crop Congress re-embraces agriculture subsidies. by David Orden (PDF, 359 kb)

Features

Law Enforcement

Not Calling the Police (First) A market for response would lower the public cost of false alarms. by Erwin A. Blackstone, Simon Hakim, and Uriel Spiegel (PDF, 202 Kb)

Health & Medicine

How Have User Fees Affected the FDA? The 1992 FDA reform successfully reduced drug review times. by Mary K. Olson (PDF, 184 Kb)

Banking & Finanace

Testing the Rhetoric Location-efficient mortgages may have more costs and risks than proponents claim. by Allen Blackman (PDF, 190 Kb)

Financial Déjà vu? The Farm Credit System’s past woes could strike the Federal Home Loan Bank System. by David Nickerson and Ronnie J. Phillips (PDF, 456 Kb)

Securities & Investment

The Reversion Tax's Perverse Result Did Congress’s effort to stop pension fund terminations ultimately hurt workers? by Richard A. Ippolito (PDF, 312 Kb)

Readying for More Reform Will Congress end the requirement that only SEC-registered securities be sold to the public? by Edmund W. Kitch (PDF, 244 Kb)

Much Ado About Order Flow How should regulators respond to “side” payments made by markets to brokers? by Allen Ferrell (PDF, 210 Kb)

For the Record

Authors, ACCACA Agree (Mostly) (PDF, 50 Kb)

Mercatus Reports

Pizza Identity Rule | New Source Review | Particulate Matter | Total Maximum Daily Load | Environmental Electronic Reporting | commentary: Drug Re-importation's No-Win Solution (PDF, 325 Kb)

Briefly Noted

A Prohibition on Advertising? by Thomas A. Hemphill | Profile, But Pay by Aaron Lukas | The Benefits of MS-Settlement Robert W. Hahn | Rationalizing Air Pollution Regulation by Randall Lutter (PDF, 224 Kb)

In Review

The Skeptical Environmentalist, by Bjørn Lomborg | Regulatory Encounters, edited by Robert A. Kagan and Lee Axelrad (PDF, 139 kb)

Final Word

Make the Terrorists Do the Profiling by Penn Jillette (PDF, 67 Kb)