Fears of criminal activity have prompted many governments to restrict competition from offshore financial centers, but over-regulating OFC activity presents a serious risk of destabilizing the global financial system.

Fears of criminal activity have prompted many governments to restrict competition from offshore financial centers, but over-regulating OFC activity presents a serious risk of destabilizing the global financial system.

The 1998 Master Settlement Agreement between tobacco manufacturers and the attorneys general of 46 states substituted a private agreement for the normal processes of regulation and taxation. They dramatically reduced the public's opportunity to participate in both and to hold accountable those...

Markets and economic theory are often cast as the enemies of both the poor and environmental quality. This paper, part of the Peace with Creation symposium held at the St. Thomas School of Law in Minneapolis, argues that economics provides a necessary, but not sufficient, tool to address the...

This chapter from the book Silent Spring at 50 analyzes the 1950s struggle over US food policy between USDA and FDA and how that struggle set the stage for the impact of Rachel Carson’s Silent Spring. Using a public choice/interest group analysis, the chapter examines how the two agencies...

Electronic cigarettes pose a competitive threat to the makers of cigarettes and other tobacco products, as well as to nicotine replacement therapies such as nicotine gum and patches. A common response to such a threat is support for government regulation to suppress competition. Predictably,...