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Winter 2002/03 Issue
Volume 7  Number 3  •  Winter 2002/03
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In this issue...

Articles
Prophecy de Novo: The Nearly Self-Fulfilling Doomsday Forecast
By Craig S. Marxsen
Bagehot’s Lender of Last Resort: A Hollow Hallowed Tradition
By John H. Wood
Can the Internet Promote Open Global Societies?
By Douglas A. Houston
What Is Systemic Risk, and Do Bank Regulators Retard or Contribute to It?
By George G. Kaufman, Kenneth E. Scott
My Time with Supply-Side Economics
By Paul Craig Roberts

Controversy
Has Fractional-Reserve Banking Really Passed the Market Test?
By Jorg Guido Hulsmann
Accounting for Fractional-Reserve Banknotes and Deposits—or, What’s Twenty Quid to the Bloody Midland Bank?
By Lawrence H. White

Review Essays
Economics, Love, and Family Values: Nancy Folbre and Jennifer Roback Morse on the Invisible Heart
By A.M.C. Waterman
Psychiatry’s Gentleman Abolitionist
By Robert A. Baker

Book Reviews
Dependent on D.C.: The Rise of Federal Control over the Lives of Ordinary Americans
By Charlotte A. Twight
Reviewed by James L. Payne
Up in Smoke: From Legislation to Litigation in Tobacco Politics
By Martha A. Derthick
Reviewed by Robert Heineman
Medicare’s Midlife Crisis
By Sue A. Blevins
Reviewed by Charlotte Twight
Putting “Defense” Back into U.S. Defense Policy: Rethinking U.S. Security in the Post–Cold War World
By Ivan Eland
Reviewed by Lawrence J. Korb
Big Government and Affirmative Action: The Scandalous History of the Small Business Administration
By Jonathan J. Bean
Reviewed by Paul Moreno



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