![Media Name: regulation-36n1-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation-36n1-cover.jpg?itok=DQordKig) # Winter 2013 — 2014 Vol. 36 No. 4 [Subscribe](https://store.cato.org/collections/all-products/products/regulation-magazine) ##### From the Cover ### [PPACA’s Corrupting Lawlessness ](/regulation/winter-2013-2014/ppacas-corrupting-lawlessness) By Christina Sandefur and [Timothy Sandefur](https://www.cato.org/people/timothy-sandefur) The new health care law’s proponents have done long-lasting damage to constitutional order. ### [The Case for Cost-Benefit Analysis of Financial Regulations ](/regulation/winter-2013-2014/case-cost-benefit-analysis-financial-regulations) By Eric A. Posner and Glen Weyl CBA has become widely accepted for environmental and safety regulation, so why not finance? ### [What Should Be the Return on Public Investment? ](/regulation/winter-2013-2014/what-should-be-return-public-investment) By Richard O. Zerbe, Jr Policymakers need to be mindful of opportunity costs. ### [The Power of Exchange ](/regulation/winter-2013-2014/power-exchange) By Pierre Lemieux Ronald H. Coase, 1910–2013 ### [The Fruits of a Failed Dissertation ](/regulation/winter-2013-2014/fruits-failed-dissertation) By [Ike Brannon](https://www.cato.org/people/ike-brannon) Ed Clarke, 1939–2013 ##### Features #### [Too Much (Questionable) Information? ](/regulation/winter-2013-2014/too-much-questionable-information) By Michael L. Marlow Do the benefits of California’s Proposition 65 “carcinogen right to know” law outweigh its costs? #### [Getting Away from GOSPLAN ](/regulation/winter-2013-2014/getting-away-gosplan) By [Brent Skorup](https://www.cato.org/people/brent-skorup) A BRAC-like effort is needed to repurpose federal spectrum. #### [A Simpler Approach to Financial Reform ](/regulation/winter-2013-2014/simpler-approach-financial-reform) By Morgan Ricks Financial instability is a problem of monetary system design. #### [Is IPAB a Paper Tiger? ](/regulation/winter-2013-2014/ipab-paper-tiger) By [Thomas A. Firey](https://www.cato.org/people/thomas-firey) ##### Briefly Noted ##### [The Real Infrastructure Stimulus: Long-Term Investor Capital ](/regulation/winter-2013-2014/real-infrastructure-stimulus-long-term-investor-capital) By David Haarmeyer ##### [Making the Social Cost of Carbon More Social ](/regulation/winter-2013-2014/making-social-cost-carbon-more-social) By Susan E. Dudley, Brian F. Mannix, and Sofie E. Miller ##### [Sweeping Past Cape Wind ](/regulation/winter-2013-2014/sweeping-past-cape-wind) By Ryan Murphy and Sophia Morales ##### [OMB: Obscurity in Management and Budget? ](/regulation/winter-2013-2014/omb-obscurity-management-budget) By Joseph Aldy, Art Fraas, and Randall Lutter ##### [White House Skirts the Law in Expanding Davis-Bacon ](/regulation/winter-2013-2014/white-house-skirts-law-expanding-davis-bacon) By [Ike Brannon](https://www.cato.org/people/ike-brannon) and Sam Batkins ##### [The EPA Is Gambling with the Climate ](/regulation/winter-2013-2014/epa-gambling-climate) By Brian H. Potts ##### In Review ##### [Education as an Emergent Phenomenon ](/regulation/winter-2013-2014/education-emergent-phenomenon) By Art Carden ##### [The Fruits of Gridlock ](/regulation/winter-2013-2014/fruits-gridlock) By [Ike Brannon](https://www.cato.org/people/ike-brannon) ##### [Overcome by Complexity ](/regulation/winter-2013-2014/overcome-complexity) By [Richard L. Gordon](https://www.cato.org/people/richard-gordon) ##### [Appreciating the City, and the Suburbs ](/regulation/winter-2013-2014/appreciating-city-suburbs) By William A. Fischel ##### [Perverse Incentives in the Financial World ](/regulation/winter-2013-2014/perverse-incentives-financial-world) By David R. Henderson ##### [Political Bubbles and the Elite Fundamentalist Free Market Conservatives ](/regulation/winter-2013-2014/political-bubbles-elite-fundamentalist-free-market-conservatives) By Vern McKinley ##### [It’s Lousy Being You (Unless You’re Rich) ](/regulation/winter-2013-2014/its-lousy-being-you-unless-youre-rich) By [Ike Brannon](https://www.cato.org/people/ike-brannon) ##### [The Value of Immigration ](/regulation/winter-2013-2014/value-immigration) By George C. Leef ##### [Working Papers ](/regulation/winter-2013-2014/working-papers) By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) ##### Final Word ##### [The FDA Allows an App for That ](/regulation/winter-2013-2014/fda-allows-app) By Marni Soupcoff ##### 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)