Regulation articles from June 2002

Regulation archives from June 2002

For the record.
June 22, 2002... Arms and the Waterman THE ARTICLE "A CRISIS OF SECURITY and Economics" by Laurence T. Phillips (Winter 2001) indicated that some ports were less safe because they "did not even bother to... restrict individuals from carrying firearms." ...

A retrospective. (25th Anniversary).
June 22, 2002... A MAJOR ANNIVERSARY OF ANY INSTITUTION is an appropriate occasion to reflect on its role and accomplishments, and how much the world may have changed as a consequence. The Cato Institute celebrated its 25th anniversary with both sober...

Moving ahead: the past three decades have seen remarkable deregulation of the airline, air freight, trucking, and rail industries. (Transportation).
June 22, 2002... A QUARTER OF A CENTURY AGO, THE federal government regulated the U.S. transportation system with a heavy hand. The Civil Aeronautics Board (CAB) controlled the airline industry: It supervised entry (mainly by prohibiting new carriers) and fixed...

Banking approaches the modern era: though some oppressive Depression-era regulation has been removed, there is still need for reform of the U.S. banking industry. (Banking & Finance).
June 22, 2002... THE PAST TWO DECADES HAVE SEEN A radical transformation of regulations controlling the size, location, and activities of U.S. banks. Included in those changes are state--level reforms of branching barriers, relaxation of deposit interest rate...

A growing technology ecosystem.
June 22, 2002... Despite a hesitant global economy and the burst of the dot-corn bubble, the information technology market is poised to exceed $1 trillion this year and is expected to grow another 40 percent by 2005. With millions of people employed at...

A somewhat better connection: the past quarter-century was one of halting progress. (Telecommunications).
June 22, 2002... TWENTY-FIVE YEARS IS A VERY LONG time in high-technology industries like telecommunications. In 1977, none of us owned a personal computer or a cellular telephone. That same year, state and federal regulators were trying to use the federal...

The Frederic Bastiat Prize. (International Policy Network Announces).
June 22, 2002... A petition to the French government from the candle making industry "We are suffering from the ruinous competition of a foreign rival who apparently works under conditions far superior to our own for the production of light that he is...

A growing market: rapid financial innovation over the past quarter-century is testing the traditional regulatory framework. (Securities & Investment).
June 22, 2002... THE PAST 25 YEARS HAVE SEEN AN explosion in trading activity and innovation in financial markets. In 1977, trading volume on the New York Stock Exchange averaged about 21 million shares per day; in 2001, volume averaged 1.24 billion shares per...

Western myths and realities: as federal land management continues to flounder, more political leaders are calling for a transfer of public land control to the states. (Public Lands).
June 22, 2002... IN THE 1980 PRESIDENTIAL CAMPAIGN, RONALD Reagan gained notoriety for joining the "Sagebrush Rebels" in their call for the transfer of federal lands in the West to state ownership. By 1990, support for decentralization was becoming a bipartisan...

Lessons learned and forgotten: following two decades of applying market forces to energy, the United States is returning to ominous government intervention. (Energy).
June 22, 2002... AT THE TIME THAT THIS ARTICLE IS being written, in the spring of 2002, U.S. energy policy stands in fairly good state as compared to the heavy command-and-control policies that dominated the twentieth century. The largest and worst government...

The competitive revolution: recent efforts to rationalize health care are now facing a political backlash. (Health & Medicine).
June 22, 2002... IN THE LAST 25 YEARS, U.S. HEALTH CARE AND health policy have evolved in surprising and fascinating ways. The main surprise was the competitive revolution in health care markets, stimulated by subtle, unrelated policy changes and the rapid...

Repairing insurance markets: despite some setbacks, insurance markets have become more competitive. (Insurance).
June 22, 2002... CONGRESS PASSED THE McCARRAN-Ferguson Act in 1945 in response to a U.S. Supreme Court decision that insurance transacted across state lines was interstate commerce and subject to federal antitrust law. The court decision challenged state...

The fall and rise of public housing: with some innovative changes, public housing is making a comeback. (Housing).
June 22, 2002... IF NEW SPENDING IS A REASONABLE MEASURE of the country's priorities, then few areas of domestic national policy have experienced as dramatic a decline in favor over the past 25 years as low-income housing. That is especially true of programs...

The war of The We Against the Me. (The Final Word).
June 22, 2002... At the Cato Institute's 25th anniversary gala last May 9, P.J. O'Rourke offered some after-dinner comments on both the state of the institute and human liberty. We have chosen to reprint those comments for this issue's "Final Word." ED...