Skip to main content
Regulation - Winter 2021/2022 Cover

Winter 2021/2022

Vol. 44 No. 4
From the Cover

How Effective Are Cloth Face Masks?

By Ian T. Liu, Vinay Prasad, MD, MPH, and Jonathan J. Darrow

A summary of the scientific literature on the effectiveness of masking, both against respiratory infection generally and against COVID-19.

Features

Why Are (Some) U.S. Drug Prices So High?

By William S. Comanor

The Hatch–Waxman Act promotes both pharmaceutical innovation and price competition, confounding simple comparisons of U.S. and foreign drug prices.

Internet Streaming Overcomes Paramount

By Thomas W. Hazlett and F. Andrew Hanssen

The 1948 Paramount antitrust ruling stifled American video entertainment. That ended in 2020, and consumers won.

Briefly Noted
Is a Green New Deal Even Necessary?
By Jody Lipford and Bruce Yandle

While high-profile market and political actions have been at play, less visible market forces have affected carbon emissions reductions in substantial ways

In Review
Markets and Dematerialization
By Jonathan H. Adler

We do more with less not because of government regulation or administrative direction, but because of capitalism and technology.

Final Word
Selling Trillion-Dollar Crazy
By Tim Rowland

More interesting than the financial debate over the coin, depressingly, is the snapshot—through the lens of economics and U.S. monetary policy—that it presents of the American condition.