From the Cover

Finance

Lessons from the Financial Crisis

As long as some firms are considered too big to fail, those
firms will take outsized risks.

A Middle Ground on Insider Trading

Allowing price-decreasing insider trading could signal when
equities are overvalued.

How Private is Private Equity?

Securities law hurts the private capital markets.

Features

Property

Takings Law Made Hard

A novel property rights challenge is a constitutional
morass.

Law

Federal Crime and the Destruction of Law

Prosecutors' abuse of the RICO and fraud statutes increasingly
is threatening the nation's economy.

Economic Theory

In Defense of Monopoly

Market power fosters creative destruction.

Health & Medicine

Tontines for the Young Invincibles

An idea from insurance history and behavioral economics could be
used to entice low risks into the health insurance pool.

Environment

The Clean Water Land Grab

Congress should not expand federal regulation under the guise of
"restoring" environmental protections.

Finance

Lessons from the Financial Crisis

As long as some firms are considered too big to fail, those
firms will take outsized risks.

How Private is Private Equity?

Securities law hurts the private capital markets.

A Middle Ground on Insider Trading

Allowing price-decreasing insider trading could signal when
equities are overvalued.

For the Record

Briefly Noted

Final Word