![Regulation v43n1 Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2020-03/regulation-v43n1-cover.png?itok=5HDdrqN1) # Spring 2020 Vol. 43 No. 1 [Subscribe](https://store.cato.org/collections/all-products/products/regulation-magazine) ##### From the Cover ### [The Risk of Too Much Air Safety Regulation ](/regulation/spring-2020/risk-too-much-air-safety-regulation) By Dennis L. Weisman and [Peter Van Doren](https://www.cato.org/people/peter-van-doren) Regulators shouldn’t endanger Americans in an effort to make air travel safer ### [Government Control of Fannie and Freddie in Historical Perspective ](/regulation/spring-2020/government-control-fannie-freddie-historical-perspective) By Vern McKinley Are we on the right path with ongoing reforms or is government oversight of these mortgage giants a lost cause? ### [Nondelegation for the Delegators ](/regulation/spring-2020/nondelegation-delegators) By Jonathan H. Adler and Christopher J. Walker Congress could limit delegation and enhance accountability if it wanted to. Here’s how ### [Paying Beneficiaries, Not Providers ](/regulation/spring-2020/paying-beneficiaries-not-providers) By [David A. Hyman](https://www.cato.org/people/david-hyman) and [Charles Silver](https://www.cato.org/people/charles-silver) Transforming Medicaid and Medicare into poverty-fighting programs would greatly improve Americans’ health. ##### Features #### [Static Ideas of Competition in the Information Age ](/regulation/spring-2020/static-ideas-competition-information-age) By Thomas M. Lenard If data portability is the solution, what’s the problem? #### [Refocusing on the Consumer ](/regulation/spring-2020/refocusing-consumer) By Ahmad Faruqui Utilities regulation needs to prepare for the “prosumer” revolution. ##### Briefly Noted ##### [Public Utilities as Social Agencies ](/regulation/spring-2020/public-utilities-social-agencies) By Kenneth W. Costello A major part of the current policy debate on utilities regulation centers on the utility business model ##### [The Great Divergence that Malthus Missed ](/regulation/spring-2020/great-divergence-malthus-missed) By Thomas Grennes In many other developed countries, population would have declined in recent years were it not for immigration. ##### [Regulatory Agencies Get Guidance on “Guidance” ](/regulation/spring-2020/regulatory-agencies-get-guidance-guidance) By John J. Cohrssen and Henry I. Miller Guidance documents can be a boon to regulated entities that wish to understand the current thinking of regulators, and they can provide much greater flexibility for agencies than formal rulemaking. ##### In Review ##### [The Conservative Case for Class Action ](/regulation/spring-2020/conservative-case-class-action) By [John Hasnas](https://www.cato.org/people/john-hasnas) Vanderbilt law professor Brian T. Fitzpatrick has produced a well-constructed, informative, and clearly expressed argument for the value of class action lawsuits. ##### [The Socialist Manifesto ](/regulation/spring-2020/socialist-manifesto) By Phil R. Murray It is unclear how government officials will decide between projects that show tradeoffs in those criteria. ##### [A Republic of Equals ](/regulation/spring-2020/republic-equals) By Pierre Lemieux Income and wealth inequality have been prominent topics in the media and public debates for several years now. ##### [Money and Government ](/regulation/spring-2020/money-government) By Vern McKinley Skidelsky argues that a State Investment Bank is needed because of the poor performance of the private banking sector in the lead-up and throes of the financial crisis… ##### [Good Work If You Can Get It ](/regulation/spring-2020/good-work-you-can-get-it) By Art Carden Some academics write as if entering the academy is like gambling and getting a tenured position is a matter of luck. ##### [United States v. Apple ](/regulation/spring-2020/united-states-v-apple) By Sam Batkins Broadly, for policymakers and the public, many assume being large or having a “monopoly” is de facto illegal. ##### [Why Liberalism Works ](/regulation/spring-2020/why-liberalism-works) By George C. Leef McCloskey approaches the project of advancing the case for liberalism from a unique perspective. ##### [A Brief History of Doom ](/regulation/spring-2020/brief-history-doom) By Vern McKinley The tables, graphs, and matrices, combined with the narrative, provide a unique perspective that is not available in other historical reviews. ##### [Escape from Rome ](/regulation/spring-2020/escape-rome) By Pierre Lemieux Scheidel explains how the Roman empire established its dominion and how its fall affected the rest of Western history and especially the crucial event that was the Industrial Revolution in 19th century Europe. ##### [Working Papers ](/regulation/spring-2020/working-papers) By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) A summary of recent papers that may be of interest to *Regulation*’s readers. ##### Final Word ##### [Whose House Party Is It, Anyway? ](/regulation/spring-2020/whose-house-party-it-anyway) By Marni Soupcoff It’s not that we should care whether Airbnb gets props for policing itself. ##### 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)