From the Cover


Before Kelo

Federal grants encourage excessive use of eminent domain.

Banking & Finance

Why Do We Regulate Banks?

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


The Perverse Effects of Predatory Pricing Law

Even if predation is possible, does intense price competition harm consumers?



Protection for Whom?

Efficient liquidation benefits creditors as a group.

Corporate Governance

Can Fee Disclosure Be Trusted?

Does Sarbanes-Oxley’s disclosures produce useful information?

Corportate Governance

Briefly Noted