Posturing in the wake of corporate scandals, Congress has passed new accounting reform legislation that “contains provisions with the potential to cause more market havoc than a dozen Enrons.” By Clark S. Judge.

Gene-spliced crops not only increase yields, reduce the need for agricultural chemicals, and make better use of existing farmland but also are a potential boon to public health. Now if someone would just explain this to the EPA. By Hoover fellow Henry I. Miller.

The present tax system is beyond repair. It is impossibly complex, outrageously expensive, overly intrusive, economically destructive, and manifestly unfair. Hoover overseer W. Kurt Hauser offers a solution—junk it.