Cato Journal Vol. 39 No. 3

Fall 2019

The new edition of the Cato Journal tackles a range of timely topics — from Modern Monetary Theory, to the Supreme Court’s shifting stance on executive authority, to the politicization of the Federal Reserve, to the myths surrounding the meaning of an “optimal” top tax rate.

Cato Journal Fall 2019 Cover
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. 42 No. 1

Spring 2019

Motor vehicles are among the most dangerous products sold anywhere. But according to many auto‐​industry experts, the eventual transition to driverless vehicles will drastically lower the economic and noneconomic costs of auto accidents. How should the automobile tort/​insurance regime be rede‐​signed to take into account the emergence of driverless vehicles? In the new issue of Regulation, Kyle D. Logue proposes to replace our current auto tort regime with a single comprehensive automaker enterprise liability system. Also in this issue, Ike Brannon and M. Kevin McGee argue that the Trump administration’s decision to rescind H‑4 visa holders’ ability to work fails to meet any credible benefit – cost analysis.

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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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