This issue highlights how regulatory power—especially within federal agencies—creates destructive incentives, from the Army Corps of Engineers’ arbitrary enforcement to FDA policies that threaten vaccine supplies. Contributors examine the economics of agriculture, Social Security’s compulsory and unsound structure, water-rights reform, the nature and morality of the corporation, the pitfalls of Keynesian policy, environmental mismanagement, and the unintended consequences of political decision-making. Additional essays explore energy economics, mental-health policy, deflation history, self-interest in markets, NCAA rule-evasion, states’ rights, diminishing civil liberties, and reviews on constitutional law, foreign aid, and Japan’s economic malaise.
