An overview of the problem of government regulation / James F. Gatti -- Government regulation and a free society / William E. Simon -- A new threat to freedom: the challenge of the 1980's / Harry J. Bolwell -- Poverty, the distribution of income, and social policy: some thoughts / Thomas Sowell...

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...