From the Cover

Risk

A False Sense of Insecurity

How does the risk of terrorism measure up against everyday dangers?

Commerce

Regulating Wine by Mail

What really motivates states to change their alcohol distribution laws?

Banking & Finance

Competition for Fannie Mae and Freddie Mac?

Could the colossal mortgage GSEs begin taking even greater risks than they already are?

Features

The States

The New Role and Politics of State Regulation

Is the recent trend of expanding state regulation beneficial or harmful?

Theory

The Public Choice Revolution

Public Choice has demystified and undeified the state.

Antitrust

Talking ‘Bout My Antitrust Generation

Overeager attorneys on the state level and in Europe threaten to destroy an improved antitrust climate.

Banking & Finance

Beyond Regulation

It's time to privatize Fannie Mae and Freddie Mac.

Final Word