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Spring 2004

Vol. 27 No. 1
From the Cover

The New Age of Big Government

By Daniel Shaviro

Made worse by the 2001–2003 tax cuts, the looming federal fiscal crisis means more government intervention in human lives.


The Real Oil Problem

By M. A. Adelman

Behind the myths of an oil crisis and an oil weapon is a very real danger posed by a clumsy and shortsighted cartel.

Economics at the Pump

By Cary A. Deck and Bart J. Wilson

Does “anti–price gouging” legislation really help gasoline consumers?

A Troubling Requirement

By Kevin A. Hassett

Why should the FASB require the expensing of options if it has no idea how it should be done?

For the Record
Briefly Noted