![Media Name: Summer 2009.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation/Summer%202009.jpg?itok=YAc_o2Pb) 

# Summer 2009 

Vol. 32 No. 2 

[Subscribe](https://store.cato.org/collections/all-products/products/regulation-magazine) 

##### From the Cover 

### [Financial Firm Bankruptcy and Systemic Risk ](/regulation/summer-2009/financial-firm-bankruptcy-systemic-risk)

By Jean Helwege 

Conventional wisdom overstates the risk of contagion and the 
chaos of bankruptcy.

##### Features 

#### [Lessons Learned, Challenges Ahead ](/regulation/summer-2009/lessons-learned-challenges-ahead)

By Susan E. Dudley 

Is there a constituency for OIRA?

#### [Do Auto Recalls Benefit the Public? ](/regulation/summer-2009/do-auto-recalls-benefit-public)

By Kevin M. McDonald 

More attention should be given to improving the driver.

#### [Courts and the Patent System ](/regulation/summer-2009/courts-patent-system)

By Dan L. Burk and Mark A. Lemley 

Instead of legislation, Congress should let the courts continue to resolve the patent crisis.

#### [Financial Firm Bankruptcy and Systemic Risk ](/regulation/summer-2009/financial-firm-bankruptcy-systemic-risk-0)

By Jean Helwege 

Conventional wisdom overstates the risk of contagion and the 
chaos of bankruptcy.

#### [Making Hospitals Accountable ](/regulation/summer-2009/making-hospitals-accountable)

By Philip Peters 

Hospital-level liability could revive the dormant deterrent 
power of tort liability.

#### [An Unsatisfying Change? ](/regulation/summer-2009/unsatisfying-change)

By John R. Lott, Jr. 

Canadians' satisfaction with their health care isn't much 
different from uninsured Americans.

#### [Is the CDC Blowing Smoke? ](/regulation/summer-2009/cdc-blowing-smoke)

By Michael L. Marlow 

Recommended levels of anti-tobacco spending have little effect 
on cigarette use.

##### For the Record 

##### [The Latest on the ‘Smart Road’ Scam ](/regulation/summer-2009/latest-smart-road-scam)

By Jerry Werner 

##### In Review 

##### [Book Review: *The Case For Big Government*](/regulation/summer-2009/book-review-case-big-government)

By David R. Henderson 

##### [Book Review: *“There Is No Alternative”: Why Margaret Thatcher Matters*](/regulation/summer-2009/book-review-there-no-alternative-why-margaret-thatcher-matters)

By Jeremy Lott 

##### [Book Review: *A Time To Speak: Selected Writings and Arguments*](/regulation/summer-2009/book-review-time-speak-selected-writings-arguments)

By [Richard A. Epstein](https://www.cato.org/people/richard-epstein) 

##### [Book Review: *Corporate Governance: Promises Kept, Promises Broken*](/regulation/summer-2009/book-review-corporate-governance-promises-kept-promises-broken)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

##### [Book Review: *Minimum Wages*](/regulation/summer-2009/book-review-minimum-wages)

By [Walter E. Williams](https://www.cato.org/people/walter-williams) 

##### Briefly Noted 

##### [Too Big to Fail, Read, Count, or Stop ](/regulation/summer-2009/too-big-fail-read-count-or-stop)

By Adam Smith 

##### Final Word 

##### [Reining in Bad Actors ](/regulation/summer-2009/reining-bad-actors)

##### 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)