Regulation

Goverment regulation.

Articles from Vol. 25, No. 3, Fall

A Free-Market Scorecard: How Should We Judge Whether States' Telecommunications Policies Are Deregulatory and Pro-Competitive? (Telecommunications)
MUCH OF THE UNITED STATES' communications infrastructure is used to carry both interstate and intrastate communications services. Even before the passage of the Communications Act of 1934, it was clear that the states and the federal government were...
A "Good Neighbor" Policy for Land Management? (for the Record)
Robert Nelson is quite right in suggesting that ending the quasi-colonial Status in which many rural Westerners live will require the creation of a new legal framework aimed at devolving decision-making authority from Washington to state and local...
An Economic Theory Shortage. (in Review)
HUBBERT'S PEAK: THE IMPENDING WORLD OIL SHORTAGE By Kenneth S. Deffeyes 285 pp., Princeton, N.J.: Princeton university Press, 2001 Kenneth Deffeyes' book Hubbert's Peak has gained a wide audience in the oil production community. One wonders...
A New Approach to Private Roads: Using an Innovative Method for Awarding Franchise Rights, States Can Entice More Effective Private Investment in Highways. (Transportation)
DURING MOST OF THE TWENTIETH century, highways, tunnels, and bridges were viewed as public goods that government must provide. By the end of the century, however, chronic budgetary problems had led governments to allow some participation of private...
CAFE Changes, by the Numbers: Stricter Fuel Standards Would Increase Air Pollution and Hurt U.S. Auto Makers and Consumers, but Would Save Little Gasoline. (Energy)
LAST MARCH, THE U.S. SENATE CONSIDered a proposal by Sen. John Kerry (D-Mass.) to raise the Corporate Average Fuel Economy (CAFE) standards for cars and light trucks by 50 percent. Kerry and other proponents of stricter standards had the support of...
Defending Speech from 'Reformers'. (in Review)
MONEY TALKS: Speech, Economic Power, and the Values of Democracy By Martin H. Redish 319 pp., New York, N.Y: New York University Press, 2001. A midst the chatter over the collapse of Enron, the voices of campaign finance zealots have been...
Drug Re-Importation Reconsidered. (for the Record)
IT TROUBLES ME TO FIND THE Mercatus Center and the Cato Institute -- two pro-free-trade organizations -- critical of efforts to lift a trade barrier (Jonathan Klick, "Drug Re-Importation's No-Win Solution," Spring 2002). Mr. Klick's defense of profits...
EPA's $32 Trillion Negligible Risk. (Briefly Noted)
IT IS NO SURPRISE THAT FEDERAL AGENCIES often tailor their interpretation of the facts and the law to support various policy goals. It should also be no surprise that the agencies sometimes "re-tailor" those interpretations if they conflict with other...
Fannie Mae and Freddie Mac Governance. (Mercatus Reports)
STATUS: OFHEO developing rules In September of 2001, the Office of Federal Housing Enterprise Oversight (OFHEO) proposed codification of the corporate governance requirements for Fannie Mae and Freddie Mac rather than allowing the requirements to...
FERC's New Regulatory Agenda: Federal Officials Increasingly Are Turning to Command-and-Control Policies for the Nation's Power Grid. (Energy)
DURING THE PAST YEAR AND A HALF, the Federal Energy Regulatory Commission (FERC) has embarked on a significantly more regulatory course than it was on before. The new approach is most evident with respect to transmission, where FERC's leadership is...
Real Campaign Reform. (Briefly Noted)
IT WAS McCAIN-FEINGOLD IN THE SENATE, Shays-Meehan in the House, and the Bipartisan Campaign Reform Act (BCRA) of 2002 in the statute books. Now, in the courts, it is McConnell v. Federal Election Commission--a consolidation of 10 separate challenges...
Reds in Suits. (in Review)
THE FUTURE OF IDEAS: The Fate of the Commons in a Connected World By Lawrence Lessig 352 pp., New York, N.Y.: Random House, 2001 Lawrence Lessig's first book, Code: And Other Laws of Cyberspace (Basic Books, 1999), was a big hit, and that...
Safety at Any Price? Following a Dramatic Expansion of Federal Health and Safety Regulation, Americans' Gains Are Uncertain. (25Th Anniversary Special Section: Risk)
THE 1970S MARKED THE ADVENT OF A major wave of health and safety regulations. Before that time, the standards that we now take for granted were completely absent from the American economy, with the exception of selected regulations for food safety...
The Antitrust Emperor's Clothes: We Need to Base Policy on What We Know. (25Th Anniversary Special Section: Antitrust)
ANTITRUST POLICY IS ON A BETTER footing today than it was 25 years ago, but it still shares some features with the story of the emperor's new clothes. The tailors of antitrust policy tell us that the antitrust laws are the "Magna Carta of free enterprise,"...
The Coming Shift in Regulation. (Mercatus Reports: Commentary)
THE SIZE OF THE CODE OF FEDERAL REGULATIONS (often measured in the number of feet of shelf space that it occupies) provides a sense of the magnitude of the stock of existing regulations with which American businesses, workers, and consumers must comply....
Too Insufferable for Professional Satirists. (the Final Word)
AS SOMEONE WHO USES COMEDY FOR A LIVING, I take notice of news stories that are too funny or too messed up for good comedians to touch. If a punter chuckles when hearing a news story, the pros should stay away; if Connie Chung smiles, run away. ...
Toward Truly Open Skies: Liberalizing the U.S.-European Air Transport Market Would Benefit Both Sides of the Atlantic. (Transportation)
AFTER THE U.S. DOMESTIC AIR MARKET, the Europe-North America international market is the largest air transport market in the world, accounting for 419,961 billion revenue-passenger-kilometers in 2000. It has also traditionally been one of the most...
Water Quality Trading Policy. (Mercatus Reports)
STATUS: EPA instituting program In May, the Environmental Protection Agency requested comment on its proposed Policy on Water Quality Trading. The policy looks to use permit trading and other market mechanisms to achieve environmental results that...
Zoning's Steep Price: In the Nation's Tightest Housing Markets, Laud-Use Regulation Contributes Heavily to High Housing Costs. (Real Estate)
A CHORUS OF VOICES APPEARS TO proclaim unanimously that America is in the midst of an affordable housing crisis. In his introduction to a Housing and Urban Development report in March of 2000, then-secretary Andrew Cuomo asserted the existence of...