Vol. 31, No. 4, Winter 2008-2009

Cover Stories

The Clearinghouse Cure Would this proposed reform provide the silver bullet
for systemic risk? By Craig Pirrong (PDF, 218K )

Reforming Freddie and Fannie If policymakers will not fully privatize the GSEs, then they should spin off their retained portfolios. By Dwight M. Jaffee (PDF, 325K )

Features

Natural Resources

Warming Up to Water MarketsWill global warming force us to adopt sensible resource policies? By Jonathan H. Adler (PDF, 297K )

Property

Of Patents and PropertyWith some important exceptions, empirical evidence suggests patent protection reduces innovation. By James Bessen and Michael J. Meurer (PDF, 702K)

Corporate Governance

Reshaping the Playing Field? Will investor activism change corporate governance and benefit shareholders? By Stephen M. Bainbridge (PDF, 464K)

Insurance

The Single-License Solution Instead of federal chartering, states should compete with each other to produce efficient insurance regulation. By Henry N. Butler and Larry E. Ribstein (PDF, 220K)

In Review

The Price of Everything, reviewed by David R. Henderson | Good Money, reviewed by George C. Leef | The Subprime Solution, reviewed by William A. Niskanen

Briefly Noted

Ethanol 2.0, by Robert Earle and Ahmad Faruqui | An Accountability Agenda, by Jerry Brito and Jerry Ellig
| Doctors for Gun Control, by Robert A. Levy | Harming Patients' Condition, by Henry I. Miller |
Legislating Life's Value, by Robert Hahn and Peter Passell |

Final Word

Ending Welfare as We (Now) Know It, by Marni Soupcoff

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