Vol.27, No. 3, Fall 2004

Cover Story

Risk

A False Sense of Insecurity How does the risk of terrorism measure up against everyday dangers? by John Mueller (PDF, 5 pp, 97 Kb)

Features

The States

The New Role and Politics of State Regulation Is the recent trend of expanding state regulation beneficial or harmful? by Paul Teske (PDF, 6 pp, 248 Kb)

Theory

The Public Choice Revolution Public Choice has demystified and undeified the state. by Pierre Lemieux (PDF, 8 pp, 224 Kb)

Commerce

Regulating Wine by Mail What really motivates states to change their alcohol distribution laws? by Gina M. Riekhof and Michael E. Sykuta (PDF, 7 pp, 306 Kb)

Telecommunications

Coase's First Question When should there not be property rights? by Lawrence Lessig (PDF, 4 pp, 156 Kb)

Antitrust

Talking 'Bout My Antitrust Generation Overeager attorneys on the state level and in Europe threaten to destroy an improved antitrust climate. by Fred S. McChesney (PDF, 8 pp, 126 Kb)

Banking & Finance

Competition for Fannie Mae and Freddie Mac? Could the colossal mortgage GSEs begin taking even greater risks than they already are? by W. Scott Frame and Lawrence J. White (PDF, 5 pp, 275 Kb)

Beyond Regulation It's time to privatize Fannie Mae and Freddie Mac. by Peter J. Wallison (PDF, 2 pp, 60 Kb)

Briefly Noted

Traffic Control: An Exercise in Self-Defeat, by Kenneth Todd | New Evidence on Drug Price Controls, by John A. Vernon (PDF, 5 pp, 224 Kb)

For the Record

Determining Workplace Regulations' Cost | A Second Look at 'The Real Oil Problem' | The Prescription Monopoly (PDF, 4 pp, 170 kb)

Mercatus Reports

Mercury | VoIP | Regulatory Budget | Commentary: Modernizing National Equity Markets (PDF, 3 pp, 196 Kb)

Final Word

Disasters Aren't Fun by Marni Soupcoff (PDF, 1 pp, 86 kb)