The authorsanalyze the best available economic data and conclude that American consumers--particularly the less affluent--have benefited tremendously from Wal-Mart's "everyday low prices."

The current approach toward U.S. securities regulation by the Securities and Exchange Commission should be revamped by implementing a regime of competitive federalism.

The authorsanalyze the best available economic data and conclude that American consumers--particularly the less affluent--have benefited tremendously from Wal-Mart's "everyday low prices."

The current approach toward U.S. securities regulation by the Securities and Exchange Commission should be revamped by implementing a regime of competitive federalism.