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# Spring 2002 

Vol. 25 No. 1 

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##### From the Cover 

### [Reform’s Stunted Crop ](/regulation/spring-2002/reforms-stunted-crop)

By David Orden 

Congress re-embraces agriculture subsidies.

##### Features 

#### [Not Calling the Police (First) ](/regulation/spring-2002/not-calling-police-first)

By Erwin A. Blackstone, Simon Hakim, and Uriel Spiegel 

A market for response would lower the public cost of false alarms.

#### [How Have User Fees Affected the FDA? ](/regulation/spring-2002/how-have-user-fees-affected-fda)

By Mary K. Olson 

The 1992 FDA reform successfully reduced drug review times.

#### [Testing the Rhetoric ](/regulation/spring-2002/testing-rhetoric)

By Allen Blackman 

Location-efficient mortgages may have more costs and risks than proponents claim.

#### [Financial Deja vu? ](/regulation/spring-2002/financial-deja-vu)

By David Nickerson and Ronnie J. Phillips 

The Farm Credit System’s past woes could strike the Federal Home Loan Bank System.

#### [The Reversion Tax’s Perverse Result ](/regulation/spring-2002/reversion-taxs-perverse-result)

By Richard Ippolito 

Did Congress’s effort to stop pension fund terminations ultimately hurt workers?

#### [Readying for More Reform ](/regulation/spring-2002/readying-more-reform)

By Edmund W. Kitch 

Will Congress end the requirement that only SEC-registered securities be sold to the public?

#### [Much Ado About Order Flow ](/regulation/spring-2002/much-ado-about-order-flow)

By Allen Ferrell 

How should regulators respond to “side” payments made by markets to brokers?

##### For the Record 

##### [Authors, ACCACA Agree (Mostly) ](/regulation/spring-2002/authors-accaca-agree-mostly)

##### Mercatus Reports 

##### [Pizza Identity Rule ](/regulation/spring-2002/pizza-identity-rule)

##### [New Source Review ](/regulation/spring-2002/new-source-review)

##### [Particulate Matter ](/regulation/spring-2002/particulate-matter)

##### [Total Maximum Daily Load ](/regulation/spring-2002/total-maximum-daily-load)

##### [Environmental Electronic Reporting ](/regulation/spring-2002/environmental-electronic-reporting)

##### [Commentary: Drug Re-importation’s No-Win Solution ](/regulation/spring-2002/commentary-drug-re-importations-no-win-solution)

By Jonathan Klick 

##### Briefly Noted 

##### [A Prohibition on Advertising? ](/regulation/spring-2002/prohibition-advertising)

By Thomas A. Hemphill 

##### [Profile, But Pay ](/regulation/spring-2002/profile-pay)

By [Aaron Lukas](https://www.cato.org/people/aaron-lukas) 

##### [The Benefits of MS-Settlement ](/regulation/spring-2002/benefits-ms-settlement)

By Robert Hahn 

##### [Rationalizing Air Pollution Regulation ](/regulation/spring-2002/rationalizing-air-pollution-regulation)

By Randall Lutter 

##### In Review 

##### [Book Review: *The Skeptical Environmentalist: Measuring the Real State of the World*](/regulation/spring-2002/book-review-skeptical-environmentalist-measuring-real-state-world)

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

##### [Book Review: *Regulatory Encounters: Multinational Corporations and American Adversarial Legalism*](/regulation/spring-2002/book-review-regulatory-encounters-multinational-corporations-american)

By David J. Vogel 

##### Final Word 

##### [Make the Terrorists Do the Profiling ](/regulation/spring-2002/make-terrorists-do-profiling)

By [Penn Jillette](https://www.cato.org/people/penn-jillette) 

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