Vol. 30, No. 1, Spring 2007

Cover Story

The Challenge of Hedge Fund Regulation As other nations expand access to hedge funds, should the U.S. adopt tighter regulation? By Houman B. Shadab (PDF, 296K )

Features

Securities & Investment

The Mythical Benefits of Shareholder Control Given the evidence that board governance benefits investors, why is there call for increased shareholder control of corporations? By Lynn A. Stout. (PDF, 426K )

A New Law for the Bond Rating Industry Will recent reform increase competition? By Lawrence J. White. (PDF, 240K )

Antitrust

The Wright Stuff When is aviation reform not really reform? By Richard A. Epstein. (PDF, 1.7M )

Risk

Stoking the Rigid Terror of Secondhand Smoke The contrived "science" behind the surgeon general’s recent report does not support officials' claims. By Gio Batta Gori (PDF, 1.0M )

Banking & Finance

Banking Regulation’s Illusive Quest Far from requiring greater government oversight, U.S. banking’s woes have been the product of regulation. By Peter J. Wallison (PDF, 371K )

The SBA's Justification IOU Does small business need government loan guarantees? By Veronique de Rugy (PDF, 540K )

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For the Record

Cigarettes and the Courts | From Little Roads to ‘Roadless’ (PDF, 104K )

Mercatus Reports

Food Advertising to Children | Family Medical Leave Act (PDF, 141K )

In Review

The Republican War on Science, reviewed by Jonathan H. Adler | The Cure, reviewed by George C. Leef. (PDF, 232K )

Briefly Noted

Reagan and the Wonks (PDF, 1.0M )

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The Final Word

Give Me a Home Where the Subsidies Roam By Tim Rowland. (PDF, 101K )

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