Find out what Mercatus scholars are talking about this week.
Get the latest policy analysis by Mercatus scholars.
Email not displaying correctly?
View in Browser
%%view_online
[link removed]
RESEARCH ROUNDUP
[link removed]
June 13, 2020
New Mercatus Research
[link removed]
The Difficult Path to State Bankruptcy
[link removed]
Veronique de Rugy and Todd Zywicki
Across the nation, states are reeling from the economic damage of the COVID-19 pandemic to their budgets on both the revenue and the expenditure sides. The idea of expanding Chapter 9 of the US bankruptcy code to allow state governments to file for bankruptcy has resurfaced. While allowing states to declare bankruptcy would provide some transparency and rule of law, it could give legislatures a clean slate without providing incentives to change the source of their financial problems and would require residents of fiscally prudent states to bail out those that refuse to live within their means.
In this policy brief, Veronique de Rugy and Todd Zywicki illustrate the current economic situation and explicate the arguments for and against state bankruptcy. Political realities – especially those pertaining to the sizable power of special interest groups – must be taken into account when reviewing any proposed reforms. However, state bankruptcy measures are likely to be a better alternative than state bailouts or debt repudiation if strictly enforced.
Keep Reading →
[link removed]
Tweet This →
[link removed]
Share This →
[link removed]
get more on this topic
[link removed]
Additional Research
The Benefits of Coronavirus Suppression: A Cost-Benefit Analysis of the Response to the First Wave of COVID-19
[link removed]
James Broughel and Michael Kotrous
Industry-Level Baseline Risk of COVID-19 Infection
[link removed]
Richard Lowery, Taylor Canann, and Carlos Carvalho
How to Increase Transparency and Promote Value in Healthcare
[link removed]
John O'Shea
A Snapshot of Regulation in Southern US States
[link removed]
James Broughel and Kofi Ampaabeng
Healthcare Transparency in the Age of COVID-19
[link removed]
John O'Shea
Ex-Im Favors High-Income Nations When Choosing What Exports to Support
[link removed]
Veronique de Rugy and Justin Leventhal
Get More →
[link removed]
Get Mercatus research and scholarly insights on the issues most important to you
Subscribe →
[link removed]
[link removed]
[link removed]
Donate
[link removed]
| Manage Preferences
[link removed]
Copyright © 2019, All rights reserved.
Mercatus Center at George Mason University, 3434 Washington Blvd, Arlington VA, 22201
Opt out of all emails.
[link removed]
Clicking this link will prevent you from receiving Mercatus emails in the future.
