From the Cover


The Folly of “Smart Growth”

Oregon’s experience suggests “anti-sprawl” strategies worsen the problems they are intended to solve.


Health & Medicine

The World Bank’s Tobacco Economics

Very creative welfare economics is being used to justify government intervention.


Clinton’s Brave New Business World

The Bush administration must decide whether to continue its predecessor’s efforts.


Connecting the Pieces

Interconnection compensation rules are woefully out of date.

Special Report

The California Crisis

Getting Out of the Dark

Turning off the Lights