![Media Name: cato-journal-v14n3.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v14n3.jpg?itok=0pxVKrBz) 

# Winter 1995 

Vol. 14 No. 3 

John J. Siegfried on sports player drafts, Anna J. Schwartz on bank self-regulation, and more...

##### Articles 

#### [Evolution of Federal Income Tax Withholding:The Machinery of Institutional Change ](/cato-journal/winter-1995/evolution-federal-income-tax-withholdingthe-machinery-institutional-change)

By [Charlotte Twight](https://www.cato.org/people/charlotte-twight) 

#### [The Entrenching of Incumbency: Reelections in the U.S. House of Representatives, 1790–1994 ](/cato-journal/winter-1995/entrenching-incumbency-reelections-us-house-representatives-1790-1994)

By Stephen C. Erickson 

#### [Competitive Markets for Electricty Generation ](/cato-journal/winter-1995/competitive-markets-electricty-generation)

By John C. Moorhouse 

#### [Sports Player Drafts and Reserve Systems ](/cato-journal/winter-1995/sports-player-drafts-reserve-systems)

By John J. Siegfried 

#### [The Performance and Stability of Banking Systems under “Self-Regulation”: Theory and Evidence ](/cato-journal/winter-1995/performance-stability-banking-systems-under-self-regulation-theory-evidence)

By Michael D. Bordo and Anna. J. Schwartz 

#### [Bank Self-Regulation: Comment on Bordo and Schwartz ](/cato-journal/winter-1995/bank-self-regulation-comment-bordo-schwartz)

By [George Selgin](https://www.cato.org/people/george-selgin) 

#### [Community Banking, Monitoring, and the Clinton Plan ](/cato-journal/winter-1995/community-banking-monitoring-clinton-plan)

By Ralph Chami and Jeffrey H. Fischer 

#### [The Drug War and the Homicide Rate: A Direct Correlation? ](/cato-journal/winter-1995/drug-war-homicide-rate-direct-correlation)

By Harold J. Brumm and Dale O. Cloninger 

#### [Scholarships: Need or Merit? ](/cato-journal/winter-1995/scholarships-need-or-merit)

By Herschel Grossman 

##### Book Review 

##### [*Out of Work: Unemployment and Government In Twentieth-Century America* by Richard K. Vedder and Lowell E. Gallaway](/cato-journal/winter-1995/out-work-unemployment-government-twentieth-century-america-richard-k-vedder)

By James T. Bennett 

##### [*Federalism and Free Trade* by Jean Luc-Migue](/cato-journal/winter-1995/federalism-free-trade-jean-luc-migue)

By Dwight R. Lee 

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