![Regulation - Winter 2022/23 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2023-01/regulation-v45n4-cover.png?itok=ivfWUDiU) 

# Winter 2022–2023 

Vol. 45 No. 4 

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##### From the Cover 

### [Confessions of an Energy Economist ](/regulation/winter-2022-2023/confessions-energy-economist)

By Ahmad Faruqui 

My career in energy policy revealed the power of politics.

### [Promoting Cost-Effective Grid Modernization ](/regulation/winter-2022-2023/promoting-cost-effective-grid-modernization)

By Jim Rossi 

Incumbent utilities are using state-granted rights of first refusal to block competitors’ transmission lines.

### [The Limits to Green Energy ](/regulation/winter-2022-2023/limits-green-energy)

By Paul Bonifas and Tim Considine 

A renewable grid faces severe obstacles.

##### Features 

#### [Regulation and *Regulation*, Then and Now ](/regulation/winter-2022-2023/regulation-regulation-then-now)

By Christopher C. DeMuth 

A look back at the last 45 years and ahead at the next 45.

#### [NAGPRA: From Compromise to Collapse ](/regulation/winter-2022-2023/nagpra-compromise-collapse)

By Elizabeth Weiss and James W. Springer 

Federal legislation that was crafted as a compromise between researchers and Native American tribes is being misread and creating conflict.

#### [Considering the Case for Slavery Reparations ](/regulation/winter-2022-2023/considering-case-slavery-reparations)

By Thomas Grennes 

There’s no just way to decide who should pay whom.

#### [Giving Shareholders the Right to Say No ](/regulation/winter-2022-2023/giving-shareholders-right-say-no)

By Albert H. Choi, Stephen J. Choi, and Adam C. Pritchard 

Shareholders should be able to vote against pursuing securities class action suits.

##### Briefly Noted 

##### [The EU’s Energy Price Controls ](/regulation/winter-2022-2023/eus-energy-price-controls)

By Pierre Lemieux 

##### [Biopharming Has a Tough Row to Hoe ](/regulation/winter-2022-2023/biopharming-has-tough-row-hoe)

By Henry I. Miller and Kathleen L. Hefferon 

##### [Regulating the Regulator of Plant Growth Regulators ](/regulation/winter-2022-2023/regulating-regulator-plant-growth-regulators)

By John J. Cohrssen 

##### [What Are 750,000 Senior COVID Deaths Worth? ](/regulation/winter-2022-2023/what-are-750000-senior-covid-deaths-worth)

By Thomas J. Kniesner, Ryan S. Sullivan, and W. Kip Viscusi 

##### In Review 

##### [ *Neoliberal Social Justice: Rawls Unveiled*](/regulation/winter-2022-2023/neoliberal-social-justice-rawls-unveiled)

By Art Carden 

##### [ *Cryptoassets*](/regulation/winter-2022-2023/cryptoassets)

By Greg Kaza 

##### [ *Slouching towards Utopia*](/regulation/winter-2022-2023/slouching-towards-utopia)

By Robert Atkinson 

##### [ *The Bond King*](/regulation/winter-2022-2023/bond-king)

By Vern McKinley 

##### [ *Climate Rationality*](/regulation/winter-2022-2023/climate-rationality)

By Andrew N. Kleit 

##### [ *Unfair Lending*](/regulation/winter-2022-2023/unfair-lending)

By Vern McKinley 

##### [ *Better Capitalism*](/regulation/winter-2022-2023/better-capitalism)

By Art Carden 

##### [ *Trade Is Not a Four-Letter Word*](/regulation/winter-2022-2023/trade-not-four-letter-word)

By E. Frank Stephenson 

##### Final Word 

##### [Joe Manchin Nation ](/regulation/winter-2022-2023/joe-manchin-nation)

By Tim Rowland 

##### Latest Issues 

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[Summer 2026](/regulation/summer-2026)

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[Winter 2025–2026](/regulation/winter-2025-2026)