Cato Journal Vol. 39 No. 2

Spring/​Summer 2019

In the new issue of Cato Journal, authors from Cato’s 36th Annual Monetary Conference present an in‐​depth view of the Fed’s new operating system, assess global financial stability and the role of central banks, consider the lessons learned from the past decade of monetary experiments, and suggest how the monetary regime could be improved and financial systems made more stable.

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Regulation Vol. 41 No. 4

Winter 2018–2019

The word is out: the Supreme Court is poised to roll back the Chevron doctrine. Set out in Chevron v. Natural Resources Defense Council (1984), the opinion states that when Congress has not “spoken directly to the precise question at issue,” a court reviewing an agency action “may not substitute its own construction of a statutory provision for a reasonable interpretation made by … the agency.” That gives agencies more flexibility in making law by issuing regulations. In this issue of Regulation, law professor David Schoenbrod argues that the Court should ground any modification of Chevron on the constitutional norm that the “lawmakers” elected by the governed—that is, members of Congress—should take responsibility for the laws.

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Regulation Vol. 41 No. 3

Fall 2018

Peter Navarro is an economist and director of the Office of Trade and Manufacturing Policy (OTMP), a White House agency created by President Trump. He is one of the rare economists to occupy a high‐​level advisory role in the White House. In the new issue of Regulation, Pierre Lemieux examines how Navarro, once a promoter of free markets and free trade, became a stiff protectionist. Also in this issue, Ryan Bourne looks at the regressive effects of child‐​care regulations, and Thomas A. Lambert and Michael E. Sykuta discuss antitrust scholars’ alarm over large institutional investors’ “common ownership” of competing businesses.

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Regulation Vol. 41 No. 2

Summer 2018

The academic and public policy communities generally discuss the effects of government interventions into labor markets piecemeal, teasing out the effects of a particular regulation (such as an increased minimum wage) in isolation. In the new issue of Regulation, entrepreneur and business owner Warren Meyer surveys the field of labor regulation to demonstrate how the accretion of many different, presumably well‐​intentioned rules to protect workers can, in total, have exactly the opposite effect, making it difficult for companies to profitably employ unskilled labor and for those workers to develop and advance.

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Cato Journal Vol. 38 No. 2

Spring/​Summer 2018

There will be many challenges as the Federal Reserve and other major central banks exit their unconventional monetary policies and normalize their balance sheets. Ultra‐​low interest rates, quantitative easing, and forward guidance have increased risk taking and pumped up asset prices. Rising volatility in global stock markets reflect, in part, the uncertainty of future monetary policy. In the new issue of Cato Journal, authors focus on four major issues: (1) the case for a rules‐​based international monetary system, (2) normalizing monetary policy, (3) the future of currency, and (4) the future of China in the global monetary system.

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