![Media Name: Fall 2004.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation/Fall%202004.jpg?itok=17oFX2cy) 

# Fall 2004 

Vol. 27 No. 3 

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##### From the Cover 

### [A False Sense of Insecurity ](/regulation/fall-2004/false-sense-insecurity)

By [John Mueller](https://www.cato.org/people/john-mueller) 

Assessed in broad but reasonable context, terrorism generally does not do much damage. The costs of terrorism very often are the result of hasty, ill-considered, and overwrought reactions.

### [Regulating Wine by Mail ](/regulation/fall-2004/regulating-wine-mail)

By Gina M. Riekhof and Michael E. Sykuta 

What really motivates states to change their alcohol distribution laws?

### [Competition for Fannie Mae and Freddie Mac? ](/regulation/fall-2004/competition-fannie-mae-freddie-mac)

By W. Scott Frame and Lawrence J. White 

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

##### Features 

#### [The New Role and Politics of State Regulation ](/regulation/fall-2004/new-role-politics-state-regulation)

By Paul Teske 

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

#### [The Public Choice Revolution ](/regulation/fall-2004/public-choice-revolution)

By Pierre Lemieux 

Public Choice has demystified and undeified the state.

#### [Coase’s First Question ](/regulation/fall-2004/coases-first-question)

By Lawrence Lessig 

#### [Talking ‘Bout My Antitrust Generation ](/regulation/fall-2004/talking-bout-antitrust-generation)

By Fred S. McChesney 

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

#### [Beyond Regulation ](/regulation/fall-2004/beyond-regulation)

By Peter J. Wallison 

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

##### Briefly Noted 

##### [Traffic Control: An Exercise in Self Defeat ](/regulation/fall-2004/its-time-privatize-fannie-mae-freddie-mac)

By Kenneth Todd 

##### [New Evidence on Drug Price Controls ](/regulation/fall-2004/new-evidence-drug-price-controls)

By John A. Vernon 

##### For the Record 

##### [Determining Workplace Regulations’ Cost ](/regulation/fall-2004/determining-workplace-regulations-cost)

##### [A Second Look at ‘The Real Oil Problem’ ](/regulation/fall-2004/second-look-real-oil-problem)

##### [The Prescription Monopoly ](/regulation/fall-2004/prescription-monopoly)

##### Mercatus Reports 

##### [Mercury Emissions ](/regulation/fall-2004/mercury-emissions)

By Daniel R. Simmons 

##### [IP-Enabled Services ](/regulation/fall-2004/ip-enabled-services)

##### [Regulators’ Budget ](/regulation/fall-2004/regulators-budget)

By Susan E. Dudley 

##### [Commentary: Modernizing National Equity Markets? ](/regulation/fall-2004/commentary-modernizing-national-equity-markets)

##### Final Word 

##### [Disasters Aren’t Fun ](/regulation/fall-2004/disasters-arent-fun)

By Marni Soupcoff 

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