| Get the latest policy analysis by Mercatus scholars. |
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| If and When the Recession Begins, It Won’t Be Trump’s Fault |
| Scott Sumner | The Washington Post |
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| Many believe President Trump would pay a steep political price if America was hit with a recession, but if one sets in it wouldn't be Trump's fault. Presidents simply don't have that much control over the business cycle. The Federal Reserve’s monetary policy, the control of the money supply and interest rates, determine the short-run ups and downs in the economy. While trade wars add uncertainty, the Fed should adjust course to prevent a recession. |
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| 19th Century Life and Literature |
| Hollis Robbins and Tyler Cowen | Conversations with Tyler |
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| Dean of the School of Arts and Humanities at Sonoma State University, Hollis Robbins joined Tyler to discuss 19th-century life, literature, and more, including Harriet Beecher Stowe’s Calvinism, whether 12 Years a Slave and Django Unchained are appropriate portraits of slavery, the best argument for reparations, how prepaid postage changed America, and why Ayn Rand and Margaret Mitchell are ignored by English departments. |
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| Can We 'Go Home Again' after a Trade War? |
| Bruce Yandle | The Hill |
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| President Donald Trump has recently acknowledged that his trade war with China is imposing real costs on Americans in the form of higher prices, and especially farmers and exporters whose livelihoods are at stake with the loss of Chinese markets. While acknowledging the problem is a good first step, he also believes these short-term costs will be offset by future Chinese policy changes. For that to happen, relationships between exporters and Chinese markets would have to reset to pre-trade war levels after the conflict is over, but that is unlikely to happen quickly. |
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