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Winter 2005

Vol. 28 No. 4
From the Cover

Before Kelo

By William A. Fischel

Federal grants encourage excessive use of eminent domain.

Why Do We Regulate Banks?

By Peter J. Wallison

Concerns that are used to justify government intervention can be addressed privately.

Features

Protection for Whom?

By Stanley D. Longhofer and Stephen R. Peters

Efficient liquidation benefits creditors as a group.

Briefly Noted