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# Summer 2026 

Vol. 49 No. 2 

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##### From the Cover 

### [The Coming Privatization of Corporate Law ](/regulation/summer-2026/coming-privatization-corporate-law)

By Dorothy S. Lund and Eric Talley 

Delaware’s recent stumbles may (serendipitously) pave the way for a future of private ordering in corporate governance.

##### Features 

#### [Something Worse than the Administrative State ](/regulation/summer-2026/something-worse-administrative-state)

By Pierre Lemieux 

Bureaucrats can be a check on strongmen—for a while, anyway.

#### [Rent Control and the Constitution ](/regulation/summer-2026/rent-control-constitution)

By Paul E. Godek 

Will this Supreme Court revive the takings clause?

#### [Reforming the PCAOB ](/regulation/summer-2026/reforming-pcaob)

By C. Christina Ho 

A former member describes the structural defects of this largely unaccountable board.

#### [Right Diagnosis, Wrong Cure ](/regulation/summer-2026/right-diagnosis-wrong-cure)

By Satya Marar 

Trump’s MFN price controls aren’t the answer to America’s high patented drug pricing, but trade deals may be.

##### Rescinding the Endangerment Finding 

#### [The EPA Betrays Its Own Mission ](/regulation/summer-2026/epa-betrays-its-own-mission)

By Henry I. Miller 

The decision rests on five arguments that collapse under scrutiny.

#### [Can the EPA Withdraw the Endangerment Finding? ](/regulation/summer-2026/can-epa-withdraw-endangerment-finding)

By Jonathan H. Adler 

The agency’s legal case is unconvincing on its own terms.

##### Health & Medicine: Antidepressants and Youth Suicide 

#### [In Defense of the Boxed Warning ](/regulation/summer-2026/defense-boxed-warning)

By Marc Stone, Andrew Mosholder, and Tarek Hammad 

The FDA’s antidepressant warning did not kill American children.

#### [Barriers to Care Remain ](/regulation/summer-2026/barriers-care-remain)

By Arif Khan, Anshu Arora, Aishwarya Prasad, & Michele Fornaro 

The authors maintain that the boxed warning has deterred care.

##### Briefly Noted 

##### [Defanging the FCC ](/regulation/summer-2026/defanging-fcc)

By [Paul Matzko](https://www.cato.org/people/paul-matzko) 

The public interest standard is an invitation to executive abuse, petty corruption, and partisan weaponization.

##### [Did Trump’s Blockade Make Iran Great? ](/regulation/summer-2026/did-trumps-blockade-make-iran-great)

By Pierre Lemieux 

If foreign trade is bad, then why is the US closing the Strait of Hormuz?

##### In Review 

##### [Book Review: *Abundance*](/regulation/summer-2026/book-review-abundance)

By Jonathan H. Adler 

##### [Book Review: *Adam Smith’s Theory of Society*](/regulation/summer-2026/book-review-adam-smiths-theory-society)

By Art Carden 

##### [Book Review: *Who Is Government? The Untold Story of Public Service*](/regulation/summer-2026/book-review-who-government-untold-story-public-service)

By Vern McKinley 

##### [Working Papers ](/regulation/summer-2026/working-papers)

By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) and [Thomas A. Firey](https://www.cato.org/people/thomas-firey) 

##### Final Word 

##### [I, Chicken Sandwich ](/regulation/summer-2026/i-chicken-sandwich)

By Jeremy Lott 

It’s crazy to realize that we depend on trade for something as basic as salt.

##### Latest Issues 

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