![Regulation - Fall 2023 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2023-09/regulation-v46n3-cover.png?itok=tZ8C9Z_Z) # Fall 2023 Vol. 46 No. 3 [Subscribe](https://store.cato.org/collections/all-products/products/regulation-magazine) ##### From the Cover ### [Is ‘Bidenomics’ Just ‘Bidenology’ or ‘Trumpology’? ](/regulation/fall-2023/bidenomics-just-bidenology-or-trumpology) By Pierre Lemieux Biden’s ideology on economics often resembles his predecessor’s, though reoriented to embrace Democratic Party sacred cows. ##### Behind the Issue ### *Unintended Consequences* ##### The Podcast of *Regulation* In This Episode Peter and Paul discuss three topics – adulterated whiskey, Texan electricity, and Brandeisian antitrust – with one core theme: government action under political pressure is a poor substitute for market discipline. With special guests Macy Scheck and Daniel Smith. [ Download Episode ](https://assets.pippa.io/shows/undefined/1696937883443-c1cd8bcc4b7717ba11ebd167a52c9825.mp3)Subscribe: [ Apple Podcasts ](https://podcasts.apple.com/us/podcast/unintended-consequences/id1684573879) [ Spotify ](https://open.spotify.com/show/693Xy6u85pJX42IPsUK7cE) ##### Revising Circular A-4 #### [Revising Circular A‑4: Introduction ](/regulation/fall-2023/revising-circular-4-introduction) By [Ike Brannon](https://www.cato.org/people/ike-brannon) More timely and accessible analysis would help the potentially affected parties understand the potential consequences of a proposed rule and work with the government to minimize its cost or maximize its efficacy #### [VSL and Labor Market Competition ](/regulation/fall-2023/vsl-labor-market-competition) By Thomas J. Kniesner and W. Kip Viscusi It is useful to review how labor markets work. Jobs have many different attributes, including the wage rate and the fatality rate. Workers considering jobs will face a variety of employment possibilities. #### [Using A‑4 to Make Regulatory Analysis Easier to Understand ](/regulation/fall-2023/using-4-make-regulatory-analysis-easier-understand) By Stuart Shapiro and Christopher Carrigan The new Circular A‑4 should facilitate transparency and act as an input to regulatory agency decision-making rather than to simply support existing agency decisions. #### [Better Regulatory Review and Public Participation ](/regulation/fall-2023/better-regulatory-review-public-participation) By Ronald Bird Good, effi cient, and eff ective regulation results from a collaborative process in which all interested parties have a voice throughout the entire process. ##### Features #### [Straight Whiskey and Bad Regulation ](/regulation/fall-2023/straight-whiskey-bad-regulation) By Macy Scheck and Daniel J. Smith The 1906 Pure Food and Drugs Act’s extension to whiskey was intended to protect distillers, not consumers. #### [The Texas Electricity Two-Step ](/regulation/fall-2023/texas-electricity-two-step) By Andrew N. Kleit In reacting to Winter Storm Uri, did the state return to unnecessarily costly supply? #### [OPEC Theater ](/regulation/fall-2023/opec-theater) By [David Kemp](https://www.cato.org/people/david-kemp) and [Peter Van Doren](https://www.cato.org/people/peter-van-doren) Does the much-maligned cartel really have the market power it’s claimed? ##### For the Record ##### [Biden’s Antitrust– Buybacks Contradiction ](/regulation/fall-2023/bidens-antitrust-buybacks-contradiction) By Alfred Z. Spector ##### Briefly Noted ##### [Limiting Federal Regulation of Cannabis ](/regulation/fall-2023/limiting-federal-regulation-cannabis) By Victoria Litman ##### [More Airline Regulations ](/regulation/fall-2023/more-airline-regulations) By Shih-Hsien Chuang ##### [The Costs of the New Weight Loss Hope Could Be Very High ](/regulation/fall-2023/costs-new-weight-loss-hope-could-be-very-high) By Chad Cotti ##### [Will the *Harvard* Ruling Make Discrimination in Admissions Worse? ](/regulation/fall-2023/will-harvard-ruling-make-discrimination-admissions-worse) By Dennis L. Weisman ##### [We Need an FDA Office of Preparedness and Response ](/regulation/fall-2023/we-need-fda-office-preparedness-response) By Enlli Lewis ##### [The Inhibition of Innovation ](/regulation/fall-2023/inhibition-innovation) By David J. Bertioli and Henry I. Miller ##### In Review ##### [Book Review: *Can Legal Weed Win?*](/regulation/fall-2023/book-review-can-legal-weed-win) By David R. Henderson ##### [Book Review: *The Profit Motive: Defending Shareholder Value Maximization*](/regulation/fall-2023/book-review-profit-motive-defending-shareholder-value-maximization) By Phil R. Murray ##### [Book Review: *The Administrative State Before the Supreme Court*](/regulation/fall-2023/book-review-administrative-state-supreme-court) By George C. Leef ##### [Book Review: *Limitless: The Federal Reserve Takes on a New Age of Crisis*](/regulation/fall-2023/book-review-limitless-federal-reserve-takes-new-age-crisis) By Vern McKinley ##### [Book Review: *Not Accountable: Rethinking the Constitutionality of Public Employee Unions*](/regulation/fall-2023/book-review-not-accountable-rethinking-constitutionality-public-employee-unions) By George C. Leef ##### [Book Review: *Risky Business: Why Insurance Markets Fail and What to Do about It*](/regulation/fall-2023/book-review-risky-business-why-insurance-markets-fail-what-do-about-it) By Phil R. Murray ##### [Book Review: *Crash Landing: The Inside Story of How the World’s Biggest Companies Survived an Economy on the Brink*](/regulation/fall-2023/book-review-crash-landing-inside-story-how-worlds-biggest-companies-survived-economy) By Vern McKinley ##### [Book Review: *The Revolt of the Masses*](/regulation/fall-2023/book-review-revolt-masses) By Pierre Lemieux ##### [Working Papers ](/regulation/fall-2023/working-papers) By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) ##### Final Word ##### [Missing Boys? ](/regulation/fall-2023/missing-boys) By Tim Rowland ##### Latest Issues [![Regulation - Fall 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-09/regulation-fall-2026-cover.jpg?itok=4PdTh8RK)](https://www.cato.org/regulation/fall-2026) [Fall 2026](/regulation/fall-2026) [![Regulation - Summer 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-06/regulation-summer-2026-cover.jpg?itok=mgR9E73X)](https://www.cato.org/regulation/summer-2026) [Summer 2026](/regulation/summer-2026) [![Regulation - Spring 2026 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2026-03/regulation-spring-2026-cover.png?itok=_E4_q18u)](https://www.cato.org/regulation/spring-2026) [Spring 2026](/regulation/spring-2026) [![Regulation Winter 2025-2026 Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2025-12/regulation-v48n4-cover.jpg?itok=QSGuJRQT)](https://www.cato.org/regulation/winter-2025-2026) [Winter 2025–2026](/regulation/winter-2025-2026)