The Implausibility of Secrecy

Mark Fenster Volume 65, Issue 2, 309-63 Government secrecy frequently fails. Despite the executive branch’s obsessive hoarding of certain kinds of documents and its constitutional authority to do so, recent high-profile events—among them the WikiLeaks episode, the...

The Real Problem with Carried Interests

Heather M. Field Volume 65, Issue 2, 405-440 The recent proposals to reform the tax treatment of private equity, venture capital, and hedge fund managers are misguided. Policymakers and commentators often take industry-focused, results-oriented approaches to the...