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# Winter 2009–2010 

Vol. 32 No. 4 

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##### From the Cover 

### [Lessons from the Financial Crisis ](/regulation/winter-2009-2010/lessons-financial-crisis)

By [John H. Cochrane](https://www.cato.org/people/john-cochrane) 

As long as some firms are considered too big to fail, those 
firms will take outsized risks.

### [A Middle Ground on Insider Trading ](/regulation/winter-2009-2010/middle-ground-insider-trading)

By Thomas A. Lambert 

Allowing price-decreasing insider trading could signal when 
equities are overvalued.

### [How Private is Private Equity? ](/regulation/winter-2009-2010/how-private-private-equity)

By James Spindler 

Securities law hurts the private capital markets.

##### Features 

#### [Takings Law Made Hard ](/regulation/winter-2009-2010/takings-law-made-hard)

By [Richard A. Epstein](https://www.cato.org/people/richard-epstein) 

A novel property rights challenge is a constitutional 
morass.

#### [Federal Crime and the Destruction of Law ](/regulation/winter-2009-2010/federal-crime-destruction-law)

By William L. Anderson 

Prosecutors' abuse of the RICO and fraud statutes increasingly 
is threatening the nation's economy.

#### [In Defense of Monopoly ](/regulation/winter-2009-2010/defense-monopoly)

By Richard B. McKenzie 

Market power fosters creative destruction.

#### [Tontines for the Young Invincibles ](/regulation/winter-2009-2010/tontines-young-invincibles)

By Tom Baker and Peter Siegelman 

An idea from insurance history and behavioral economics could be 
used to entice low risks into the health insurance pool.

#### [The Clean Water Land Grab ](/regulation/winter-2009-2010/clean-water-land-grab)

By Jonathan H. Adler 

Congress should not expand federal regulation under the guise of 
"restoring" environmental protections.

#### [Lessons from the Financial Crisis ](/regulation/winter-2009-2010/lessons-financial-crisis-0)

By [John H. Cochrane](https://www.cato.org/people/john-cochrane) 

As long as some firms are considered too big to fail, those 
firms will take outsized risks.

#### [How Private is Private Equity? ](/regulation/winter-2009-2010/how-private-private-equity-0)

By James Spindler 

Securities law hurts the private capital markets.

#### [A Middle Ground on Insider Trading ](/regulation/winter-2009-2010/middle-ground-insider-trading-0)

By Thomas A. Lambert 

Allowing price-decreasing insider trading could signal when 
equities are overvalued.

##### For the Record 

##### [On Acetaminophen ](/regulation/winter-2009-2010/acetaminophen)

By Henry I. Miller 

##### In Review 

##### [Book Review: *The Ascent of Money: A Financial History of the World*](/regulation/winter-2009-2010/book-review-ascent-money-financial-history-world)

By Tim Stonesifer 

##### [Book Review: *Retaking Rationality*](/regulation/winter-2009-2010/book-review-retaking-rationality)

By Jonathan H. Adler 

##### [Book Review: *Taming the Beloved Beast*](/regulation/winter-2009-2010/book-review-taming-beloved-beast)

By David R. Henderson 

##### [Book Review: *Acting in Time on Energy Policy*](/regulation/winter-2009-2010/book-review-acting-time-energy-policy)

By [Richard L. Gordon](https://www.cato.org/people/richard-gordon) 

##### [Book Review: *Offshoring of American Jobs*](/regulation/winter-2009-2010/book-review-offshoring-american-jobs)

By David R. Henderson 

##### Briefly Noted 

##### [Not the Time to Cap and Trade ](/regulation/winter-2009-2010/not-time-cap-trade)

By Jody Lipford and Bruce Yandle 

##### Final Word 

##### [Going Canuck ](/regulation/winter-2009-2010/going-canuck)

By Marni Soupcoff 

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