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  • Regulation
    Vol. 47 No. 4
    Winter 2024-2025
    Winter 2024-2025
    According to traditional theories of regulation, government should protect the public from utility monopoly power and enforce no restrictions on the content of public discourse. But instead, we see authorities doing the opposite to pursue their own objectives. This practice goes beyond prior theories of regulation into something new: the commandeering of private entities’ market power by government for its own ends, ironically by causing the same types of consumer harm—higher prices, service losses, and censorship—that government is supposed to guard against.
  • Regulation
    Vol. 47 No. 3
    Fall 2024
    Fall 2024
    In 2022, President Joe Biden said that the United States “has the highest drug prices in the world, and there is no reason for it.” Similar statements were made by former president Donald Trump. These statements are undoubtedly true when applied to patented, “branded” drugs. But does that mean those prices are unfair to Americans?
  • Supreme Court Review
    2023-2024
    2023-2024
    In all three of Loper Bright, Jarkesy, and NetChoice, the Supreme Court took just about the most libertarian position it could have. The result is less concentrated power, more procedural safeguards for the accused, and more rights for those in the business of publishing others’ speech. While there is plenty to make libertarians pessimistic in the world, this Term showed once again that the Supreme Court is often (though certainly not always) a major bright spot.
  • Regulation
    Vol. 47 No. 2
    Summer 2024
    Summer 2024
    The first principle that should guide any regulator’s action is to “do no harm.” In the case of Boeing’s recurring quality‐​control problems, there is a risk that the FAA could do significant harm if it fails to objectively evaluate the prospective costs and benefits of any regulatory action or inaction.
  • Regulation
    Vol. 47 No. 1
    Spring 2024
    Spring 2024
    Three months before the end of his presidency, Donald Trump quietly issued Executive Order 13957, allowing the conversion of some federal civil service jobs to excepted service under a new classification, Schedule F.
  • Regulation
    Vol. 46 No. 4
    Winter 2023-2024
    Winter 2023-2024
    The ramifications of the Dodd–Frank Banking Act have rippled across entire neighborhoods, diminishing hopes for those at the bottom of the economic ladder wishing to live the American Dream of one day owning a home.
  • Policy Report
    Vol. 45 No. 5
    September/October 2023
    September/October 2023
    For over four decades, Cato Policy Report has consistently brought readers principled research, policy analysis, relevant commentary, and most important, news of Cato’s impact— made possible by your generosity.
  • Regulation
    Vol. 46 No. 3
    Fall 2023
    Fall 2023
    The history of economic thought will not retain Bidenomics as a revolution in economic thinking. In order not to confuse economics and astrology, Bidenomics should really be called “Bidenology,” just as Trumponomics is “Trumpology.”
  • Supreme Court Review
    2022-2023
    2022-2023
    This Term, there were only five cases in which the Court split 6–3 along ideological lines, a drop from 14 such cases last term. But some of the biggest cases of the term were among those 6–3 splits, including cases on affirmative action, student-debt forgiveness, and public accommodations and the First Amendment. So while the ideologically split cases may get the most attention, the Court is not a legislature and the Justices don’t just vote along party lines. Within these pages, you’ll read about many cases with all sorts of unexpected lineups, cases that prove litigants and advocates can’t take anything for granted with this Court.
  • Policy Report
    Vol. 45 No. 4
    July/August 2023
    July/August 2023
    At a gala dinner in Washington, the Cato Institute awarded the Milton Friedman Prize for Advancing Liberty to Jimmy Lai, a businessman and vocal advocate for democracy and freedom in Hong Kong. Lai was unable to accept the award in person because he is presently imprisoned by the Chinese government.
  • Regulation
    Vol. 46 No. 2
    Summer 2023
    Summer 2023
    Educating Americans about the relative risks of tobacco products may require rethinking the way we classify and regulate such products and in particular allowing those with an economic interest in educating Americans about the relative risks of nicotine products to do so.
  • Policy Report
    Vol. 45 No. 3
    May/June 2023
    May/June 2023
    Libertarians are tempted to be too depressed. We read the morning papers, or watch the cable shows, and we think the world is indeed on “the road to serfdom.” But we should reject a counsel of despair. We’ve been fighting ignorance, superstition, privilege, and power for many centuries. We and our classical liberal forebears have won great victories. The fight is not over, but liberalism remains the only workable operating system for a world of peace, growth, and progress.
  • Policy Report
    Vol. 45 No. 2
    March/April 2023
    March/April 2023
    Libertarian legal scholars, activists, and public interest lawyers have made valuable contributions on a range of important constitutional issues, including property rights, school choice, Second Amendment rights, free speech, religious liberties, and more. But we have largely ignored three significant constitutional issues, thereby passing up valuable opportunities to expand liberty: zoning, constitutional constraints on immigration restrictions, and racial profiling in law enforcement.
  • Regulation
    Vol. 46 No. 1
    Spring 2023
    Spring 2023
    Federal housing finance assistance during COVID avoided problems that plagued similar assistance in the Great Recession. We acted, and we acted quickly. And beneficiaries ultimately paid for it, not the taxpayer. This should be the model for future responses, not the endless subsidies and bailouts that have all too often become the norm.
  • Policy Report
    Vol. 45 No. 1
    January/February 2023
    January/February 2023
    It is hard to conclude that educational freedom has turned a corner from exception to norm. But it has made huge progress over the last few years, and it is almost certainly here not just to stay but to flourish.
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