From the Cover

The Economy

The Trump Economy: Three Years of Volatile Continuity

Entering 2020, the country was badly prepared for a major economic shock.


The Limits of Antitrust in the 21st Century

Some details of Frank Easterbrook’s classic treatment may be outdated, but its core insights remain sound.

Crime & Public Safety

The Power of a Clean Slate

Empirical evidence from Michigan shows expungement can help people with criminal records without threatening public safety.



Fixing the Airlines Post‐​Pandemic

Commercial air travel’s existential crisis may force the government to make long‐​overdue reforms.

Regulatory Reform

Deregulation Under Trump

Despite claims of broad deregulation, the administration’s hallmark has been little regulatory activity.

For the Record

In Review

Final Word