Vol. 27, No. 1, Spring 2004

Cover Story

Spend Today and Tax Tomorrow

The New Age of Big Government Made worse by the 2001–2003 tax cuts, the looming federal fiscal crisis means more government intervention in human lives. by Daniel N. Shaviro (PDF, 247 Kb)

Features

Energy

The Real Oil Problem Behind the myths of an oil crisis and an oil weapon is a very real danger posed by a clumsy and shortsighted cartel. by M. A. Adelman (PDF, 308 Kb)

Economics at the Pump Does “anti–price gouging” legislation really help gasoline consumers? by Cary A. Deck and Bart J. Wilson (PDF, 356 Kb)

Corporate Governance

Politics and Coporate Crime Legislation If politically powerful corporations feared corporate crime laws, then why are so many statutes on the books? by Vikramaditya S. Khanna (PDF, 160 Kb)

Agriculture

Another Look at Biotech Regulation Are Europe’s labeling laws for genetically modified foods cost-effective, or even necessary? by Nicholas Kalaitzandonakes (PDF, 268 Kb)

Accounting

A Troubling Requirement Why should the FASB require the expensing of options if it has no idea how it should be done? by Kevin A. Hassett and Peter J. Wallison (PDF, 119 Kb)

For the Record

Science and Preferences (PDF, 97 Kb)

Mercatus Reports

OMB's Annual Report to Congress on Regulation | CAFE Standards | Contact Lens Prescription Release | Qualified Health Claims for Foods (PDF, 216 Kb)
Commentary: The IRS's Missing 'Check' (PDF, 224 Kb)

Briefly Noted

Reconsidering the FHTF, by Alan E. Pisarski | Do the Mutuals Need More Law?, by Larry E. Ribstein (PDF, 226 Kb)

In Review

Skepticism and Freedom: A Modern Case for Classical Liberalism by Richard A. Epstein | Insurrection: Citizen Challenges to Corporate Power by Kevin Danaher and Jason Dove Mark (PDF, 100 kb)

Final Word

Psst... Janet -- Can You Keep the FCC Distracted? by Tim Rowland (PDF, 68 kb)