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# Winter 2016/2017 

Vol. 39 No. 4 

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##### From the Cover 

### [The FCC’s Transaction Reviews, First Amendment Risks, and the Rule of Law ](/regulation/winter-2016-2017/fccs-transaction-reviews-first-amendment-risks-rule-law)

By [Brent Skorup](https://www.cato.org/people/brent-skorup) and Christopher Koopman 

The commission uses transaction and licensing reviews to infringe on speech.

### [Are There Really Patent Thickets? ](/regulation/winter-2016-2017/are-there-really-patent-thickets)

By Jonathan M. Barnett 

Markets are highly adept at identifying and preempting transactional blockages.

### [The High Cost of Protecting (Morbid) Jobs ](/regulation/winter-2016-2017/high-cost-protecting-morbid-jobs)

By David E. Harrington 

State laws favoring mortuaries save jobs but hurt consumers.

### [Five Guiding Thoughts for Regulatory Reform in the Next Administration ](/regulation/winter-2016-2017/five-guiding-thoughts-regulatory-reform-next-administration)

By Sam Batkins and [Ike Brannon](https://www.cato.org/people/ike-brannon) 

It’s time to move past vague platitudes.

##### Features 

#### [Beyond the Low-Hanging Fruit ](/regulation/winter-2016-2017/beyond-low-hanging-fruit)

By Craig Loehle and Erik B. Schilling 

How should policymakers judge environmental regulations when marginal costs are rising and marginal benefits are falling?

#### [The FDA’s Dr. No’s ](/regulation/winter-2016-2017/fdas-dr-nos)

By John J. Cohrssen and Henry I. Miller 

The agency’s fear of Type II errors inhibits drug development and harms patients

##### For the Record 

##### [Accepting Carden’s Challenge ](/regulation/winter-2016-2017/accepting-cardens-challenge)

By John A. Mathews 

##### Briefly Noted 

##### [Do-It-Yourself and Distrusting Markets ](/regulation/winter-2016-2017/do-it-yourself-distrusting-markets)

By Ryan Murphy 

##### [When Does Antitrust Stifle Innovation? ](/regulation/winter-2016-2017/when-does-antitrust-stifle-innovation)

By [Ike Brannon](https://www.cato.org/people/ike-brannon) 

##### [Suggestions for President Trump’s First Deregulatory Push ](/regulation/winter-2016-2017/suggestions-president-trumps-first-deregulatory-push)

By Sam Batkins 

##### [A Fatal Flaw in Climate Models ](/regulation/winter-2016-2017/fatal-flaw-climate-models)

By Charles L. Hooper and David R. Henderson 

##### [Defending the Indefensible Mortgage Interest Deduction ](/regulation/winter-2016-2017/defending-indefensible-mortgage-interest-deduction)

By [Ike Brannon](https://www.cato.org/people/ike-brannon) 

##### In Review 

##### [Multiple Explanations for a Largely Invisible Crisis ](/regulation/winter-2016-2017/men-without-work)

By Dwight R. Lee 

##### [Finding the Money ](/regulation/winter-2016-2017/finding-time)

By Greg Kaza 

##### [Banning Cash: This Time is Not Different ](/regulation/winter-2016-2017/curse-cash)

By Pierre Lemieux 

##### [Down the Memory Hole ](/regulation/winter-2016-2017/love-canal)

By David R. Henderson 

##### [Restoring Checks and Balances ](/regulation/winter-2016-2017/libertys-nemesis)

By George C. Leef 

##### [Centrally Planning Fuel Economy ](/regulation/winter-2016-2017/driving-future)

By David R. Henderson 

##### [The Ulysses/​Punch Bowl View of the Fed ](/regulation/winter-2016-2017/power-independence-federal-reserve)

By Vern McKinley 

##### [How Big Should Our Government Be? ](/regulation/winter-2016-2017/how-big-should-our-government-be)

By Phil R. Murray 

##### [What You Always Wanted to Know about GDP but Were Afraid to Ask ](/regulation/winter-2016-2017/gdp-little-big-number)

By Pierre Lemieux 

##### [Working Papers ](/regulation/winter-2016-2017/working-papers)

By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) 

##### Final Word 

##### [Citizens Not So United ](/regulation/winter-2016-2017/citizens-not-so-united)

By Tim Rowland 

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