Regulation

Goverment regulation.

Articles from Vol. 29, No. 3, Fall

Abuse or Protection? "Opportunistic" Debtors Appear to Have Little to Fear from the 2005 Bankruptcy Reforms
LAST FALL, AFTER YEARS OF EFFORT AND more than $100 million in lobbying expenditures by the large credit card lenders, Congress passed the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" (BAPCPA). The new bankruptcy law followed years...
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A License for Protection: Why Are States Regulating More and More Occupations?
ONE WOULD BE HARD-PRESSED TO think of a major labor market institution that is growing faster than occupational regulation. Unlike unions, which have declined from about one-third of the workforce 60 years ago to about 12.5 percent in 2005, the regulation...
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'Folk' International Economics
THE BATTLE OVER IMMIGRATION reform is a recent manifestation of a long debate over the relationship between the United States and other counties. It is a continuation of earlier debates over outsourcing, and of even earlier disputes regarding international...
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Leviathan? Try Pufferfish
I WAS SURFING THE INTERNET THE OTHER DAY, when I came across a page dedicated to political philosophy. There it all was--Hobbes's social contract, Locke's state of nature, Rousseau's general will--all the names and concepts I'd dutifully spat out on...
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Much Ado about MB
THE MONTREAL Protocol on Substances that Deplete the Ozone Layer, which took effect in 1989, is an international agreement to limit or phase out various chemicals that deplete the ozone layer. One such chemical is methyl bromide (MB), an important...
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Nanotech
In 1992, nanotechnology pioneer K. Eric Drexler described the mechanics of a nanocomputer. More than a billion times more powerful than a Pentium and the size of a standard six-sided die, this nanocomputer would run on only 100 watts. Later research...
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Public Safety Interoperability
The Shreveport, La., Fire Department's radio system allows it to communicate with police, emergency medical services, and 50 other agencies in its region. But when the Shreveport firefighters traveled to New Orleans to lend a hand in the aftermath...
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Reining in Fannie Mae and Freddie Mac: How Can We Control the Mortgage Giants' Interest Rate Risk?
FANNIE MAE AND FREDDIE MAC (F&F) ARE government-sponsored enterprises that dominate the U.S. mortgage market. In a 2003 Journal of Financial Services Research article, I documented that the mortgage related securities directly held by F&F in...
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The EPA Faustian Bargain: Can the Agency Reclaim Its Soul?
PRESIDENT RICHARD NIXON CREATED THE Environmental Protection Agency and Congress passed the Clean Air Act in 1970 because the public demanded protection. The pollution that worried voters most was lead in gasoline and its effects on children. The bumper...
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The War on Plastic: The Push to Regulate the Payment Card Industry Threatens Consumers
THE VAST EXPANSION IN THE USE OF payment cards of all sorts counts as one of the unnoticed marvels of the modern age. Think back 35 years, and no one left home without a wad of cash and American Express Travelers checks. Foreign travelers would sometimes...
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Tort Reform
The court system is generally transparent--perhaps a little too transparent for those whose dirty laundry gets aired in public court documents. But the courts are only the very small public tip of the mostly concealed tort iceberg. While no one...
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