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Summer 2021
Regulation

Fighting Intellectual Exclusion
The academic world, the authors lament, has been falling more and more into fundamentalist thinking.
By George C. Leef
Summer 2021
Regulation

Working Papers
A summary of recent papers that may be of interest to Regulation readers.
By Peter Van Doren and Ike Brannon
Summer 2021
Regulation

Gamestopped
So what to make of “meme stocks”— buying shares of failing firms for no reason other than to mess with professional traders looking to profit from those firms’ demise?
By Tim Rowland
Summer 2021
Regulation

Markets and Prescription Drug Addiction
The 1914 Harrison Act was the significant federal anti-drug legislation of the era.
By Phil R. Murray
Summer 2021
Regulation

Capitalism and Immorality
The unwritten pact between groups on the political right is now coming apart, with the defection of the social conservatives being especially striking.
By George C. Leef
Summer 2021
Regulation

The State of the Labor Movement and the Strike Tool
A GM line worker’s compensation was a black box of adjustments. Pay was docked when the lines shut down, even if it was not the worker’s fault.
By Vern McKinley
Summer 2021
Regulation

Responding to Fears of AI
AI operating today is considered “artificial narrow intelligence” (ANI), which is defined as supporting specific processes with well-defined rules (and, incidentally, does not have any “intelligence” or “common sense”).
By Thomas A. Hemphill
Summer 2021
Regulation

A Rearguard Defense of the Administrative State
Rather than offer the full-throated defenses of the administrative state each has offered elsewhere, in Law & Leviathan Sunstein and Vermeule suggest administrative law has developed a set of “surrogate safeguards” that enable the administrative state to protect public welfare while preventing the worst abuses of bureaucratic excess.
By Jonathan H. Adler
Summer 2021
Regulation

Overreacting to COVID
Precisely because some customers might want less human interaction because of their fear of the virus, “it was possible that businesses would devise all manner of ways to save on labor while meeting new or evolving needs of customers that they didn’t express before the spread of the coronavirus.”
By David R. Henderson
Summer 2021
Regulation

On the Minimum Wage, Both Sides Have Their Economics Wrong
The proposed increase would do little to raise the net spendable incomes of many low-wage families but would boost the incomes of much-higher-income families.
By Richard B. McKenzie
Summer 2021
Regulation

Privatizing Disaster Relief
The use of private contractors lessens the problems created by FEMA’s lack of experienced administrative staff, engendered by the ad hoc nature of disaster relief.
By Ike Brannon
Summer 2021
Regulation

In Defense of Internet Data
The creative use of data is the basis for the success of many of this century’s great internet companies—predominantly American companies—whose revenue is primarily derived from targeted advertising.
By Thomas M. Lenard
Summer 2021
Regulation

Antitrust and “Big Pharma”
A favorable interpretation of the cooperation that resulted in a rapid response to the negative COVID shock is that it saved lives and reduced suffering by slowing the spread of the virus around the world.
By Thomas Grennes
Summer 2021
Regulation

Can States Do a Better Job of Buying Drugs?
Hepatitis C medication data suggest that pharmacy benefit managers are better than direct government purchasing at controlling prices.
By Ike Brannon and Anthony Lo Sasso
Summer 2021
Regulation

U.S. v. Google: A Tough Slog, But Also an Intriguing Possibility
Did Google pay billions of dollars for the “inertia” of mobile device owners, or for something else?
By Lawrence J. White