Spring 2004

Vol. 27 No. 1


From the Cover

Budget & Taxes

  • The New Age of Big Government

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



  • The Real Oil Problem

    Behind the myths of an oil crisis and an oil weapon is a very real danger posed by a clumsy and shortsighted cartel. By M. A. Adelman PDF
  • Economics at the Pump

    Does “anti–price gouging” legislation really help gasoline consumers? By Cary A. Deck and Bart J. Wilson PDF

Corporate Governance



  • A Troubling Requirement

    Why should the FASB require the expensing of options if it has no idea how it should be done? By Kevin A. Hassett PDF

For the Record

Mercatus Reports

Briefly Noted

In Review

Final Word