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# Fall 2009 

Vol. 32 No. 3 

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##### From the Cover 

### [Regulate OTC Derivatives by Deregulating Them ](/regulation/fall-2009/regulate-otc-derivatives-deregulating-them)

Should derivatives be considered unenforceable gambling 
contracts?

### [Comment on Regulate OTC Derivatives by Deregulating Them ](/regulation/fall-2009/comment-regulate-otc-derivatives-deregulating-them)

By Jean Helwege 

### [Comment on Regulate OTC Derivatives by Deregulating Them ](/regulation/fall-2009/comment-regulate-otc-derivatives-deregulating-them-0)

### [Comment on Regulate OTC Derivatives by Deregulating Them ](/regulation/fall-2009/comment-regulate-otc-derivatives-deregulating-them-1)

By Craig Pirrong 

### [Response to the Comments ](/regulation/fall-2009/response-comments)

##### Features 

#### [America’s New Fuel Economy Cartel ](/regulation/fall-2009/americas-new-fuel-economy-cartel)

By Bruce Yandle 

National capitalism threatens the U.S. auto industry.

#### [Should Alcohol Taxes Be Raised? ](/regulation/fall-2009/should-alcohol-taxes-be-raised)

By Ian W.H. Parry 

Alcohol tax rates have fallen by half over the past quarter-century.

#### [Comment on Should Alcohol Taxes Be Raised ](/regulation/fall-2009/comment-should-alcohol-taxes-be-raised)

By [Jeffrey Miron](https://www.cato.org/people/jeffrey-miron) 

#### [Obama’s Antitrust Agenda ](/regulation/fall-2009/obamas-antitrust-agenda)

By Daniel A. Crane 

Can the new administration overcome the Chicago and Harvard schools’ reservations?

#### [London as Delaware? ](/regulation/fall-2009/london-delaware)

By Adam C. Pritchard 

Will London overtake New York as the world's financial 
center?

##### In Review 

##### [Book Review: *The Invisible Hook*](/regulation/fall-2009/book-review-invisible-hook)

By David R. Henderson 

##### [Book Review: *Two Billion Cars*](/regulation/fall-2009/book-review-two-billion-cars)

By Gabriel Roth 

##### [Book Review: *Applied Economics*](/regulation/fall-2009/book-review-applied-economics)

By George C. Leef 

##### [Book Review: *The Microsoft Case*](/regulation/fall-2009/book-review-microsoft-case)

By David R. Henderson 

##### [Book Review: *The Housing Boom and Bust*](/regulation/fall-2009/book-review-housing-boom-bust)

By Jeremy Lott 

##### [Book Review: *How the Chicago School Overshot the Mark*](/regulation/fall-2009/book-review-how-chicago-school-overshot-mark)

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

##### [Book Review: *Against Intellectual Monopoly*](/regulation/fall-2009/book-review-against-intellectual-monopoly)

By George C. Leef 

##### Briefly Noted 

##### [Pursuing Less Risky Smokes — At Last ](/regulation/fall-2009/pursuing-less-risky-smokes-last)

By Gio Batta Gori 

##### Final Word 

##### [Worse Than the Cure ](/regulation/fall-2009/worse-cure)

By Jeremy Lott 

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