![Media Name: cato-journal-v16n3.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v16n3.jpg?itok=cnIEJXHg) 

# Winter 1997 

Vol. 16 No. 3 

Charlotte Twight on Medicare, Donald J. Boudreaux and Dwight R. Lee on political compromise, and more...

##### Articles 

#### [Jobs Creation and Government Policy ](/cato-journal/winter-1997/jobs-creation-government-policy)

By [Jerry L. Jordan](https://www.cato.org/people/jerry-jordan) 

#### [A Survey of the Impact of Budget Rules on State Taxation, Spending, and Debt ](/cato-journal/winter-1997/survey-impact-budget-rules-state-taxation-spending-debt)

By Robert Krol 

#### [Medicare’s Origin: The Economics and Politics of Dependency ](/cato-journal/winter-1997/medicares-origin-economics-politics-dependency)

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

#### [The Market Value of Family Values ](/cato-journal/winter-1997/market-value-family-values)

By Connel Fullenkamp and Ralph Chami 

#### [Compensating Behavior and the Drug Testing of High School Athletes ](/cato-journal/winter-1997/compensating-behavior-drug-testing-high-school-athletes)

By Robert Taylor 

#### [Politics as the Art of Confined Compromise ](/cato-journal/winter-1997/politics-art-confined-compromise)

By [Donald J. Boudreaux](https://www.cato.org/people/donald-boudreaux) and Dwight R. Lee 

#### [Journal of Money Credit and Banking ](/cato-journal/winter-1997/journal-money-credit-banking)

##### Book Review 

##### [*The Capitalist Revolution in Latin America* by Paul Craig Roberts and Karen LaFollette Araujo](/cato-journal/winter-1997/capitalist-revolution-latin-america-paul-craig-roberts-karen-lafollette)

By [Carlos A. Ball](https://www.cato.org/people/carlos-ball) 

##### [*What It Means to Be a Libertarian* by Charles Murray](/cato-journal/winter-1997/what-it-means-be-libertarian-charles-murray)

By Randolph J. May 

##### [*Asia Rising* by Jim Rohwer](/cato-journal/winter-1997/asia-rising-jim-rohwer)

By Sonia M. L. Wong 

##### [*Competition and Finance: A Reinterpretation of Financial and Monetary Economics* by Kevin Dowd](/cato-journal/winter-1997/competition-finance-reinterpretation-financial-monetary-economics-kevin)

By [Leland B. Yeager](https://www.cato.org/people/leland-yeager) 

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