From the Cover
How Effective Are Cloth Face Masks?
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?
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
The 1948 Paramount antitrust ruling stifled American video entertainment. That ended in 2020, and consumers won.
Solving Congress’s Samaritan’s Dilemma
The National Flood Insurance Program may be the best realistic policy option.
Briefly Noted
No, DACA Doesn’t Harm Americans
We not only find no evidence that DACA hurts low‐wage American‐citizen workers, but it appears to boost the wages and employment of this cohort.
Why Punish the Drug Industry That’s Combating COVID?
This technological response to COVID has been bottom-up, rather than top-down.
Is a Green New Deal Even Necessary?
While high-profile market and political actions have been at play, less visible market forces have affected carbon emissions reductions in substantial ways
Facebook: Like Corporation, Like Whistleblower
There are good reasons to defend Facebook’s freedom to“censor” speech on its own property, even if we disagree with how it exercises that freedom.
The APA Gets No Respect
Courts have been all over the map
Congress’s Anti-Innovation, Anti-Consumer Big Tech Antitrust Proposals
Rather than reforming antitrust, the congressional proposals can more accurately be described as creating a new regulatory regime.
In Review
Markets and Dematerialization
We do more with less not because of government regulation or administrative direction, but because of capitalism and technology.
Working Papers
A summary of recent papers that may be of interest to Regulation’s readers.
Final Word
Selling Trillion-Dollar Crazy
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.