The latest Mercatus research, media, commentary, and events delivered week by week.
Economics & Financial Markets
With Inflation on the Rise, Powell Sticks to His Guns
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June 18, 2021
On Wednesday, the Federal Open Market Committee (FOMC) held another meeting to discuss monetary policy. While the labor market continues to improve as the Covid-19 pandemic recedes, employment levels remain well below pre-pandemic levels, especially in the leisure and hospitality sectors. As such, the FOMC announced that there were no major changes in Fed policy, and that the central bank will remain “committed to using its full range of tools to support the U.S. economy in this challenging time.”
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Large Bank Holding Company Capital Ratios before and after Basel III
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June 24, 2021
Research
El Salvador Takes the Bitcoin Plunge But Goes Much Too Far
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June 23, 2021
Editorial
The Left’s Long March Against Coors
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June 22, 2021
Editorial
Bitcoin Briefly Wipes Out Gains For Year
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June 22, 2021
Podcast
The Gig Economy and The Future of Work on Clubhouse
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June 18, 2021
Podcast
Regulations
Pharmaceutical Merger Enforcement Should Be Supported by Evidence and Sound Economic Theory
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June 25, 2021
The FTC has a long and successful history overseeing mergers and acquisitions in the pharmaceutical sector. Between 1994 and 2020, the FTC challenged 67 pharmaceutical mergers, deciding in all but one instance to settle subject to divestitures. In all these cases, the FTC has pursued an evidenced-based approach and has employed analysis consistent with the 2010 Horizontal Merger Guidelines and the newly issued 2020 Vertical Merger Guidelines. Evidence shows that these divestitures have been successful in maintaining premerger levels of competition in the market.
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SBA Disaster-Loan Program Still a Disaster
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June 18, 2021
Editorial
How 'Compounding Pharmacies' Can Prevent The Next Drug Crisis
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June 19, 2021
Editorial
Federal, State and Local Lawmakers: You Need to get Ahead of This. The Lawsuits are Coming.
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June 18, 2021
Podcast
Social Issues
Despite Vaccine Triumphs, Science’s Performance During the Pandemic Has Been Decidedly Mixed
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June 21, 2021
For the health sciences, these are the best of times and the worst of times. The best have been dramatic achievements emerging from American and European labs. The worst have been lab practices in China and the secrecy surrounding them.
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Repealing the Corn Laws, 175 Years Later
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June 18, 2021
Editorial
Tackling Academic Gangsters Can Only Happen When The Science Community Fights Back
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June 20, 2021
Editorial
America Is Not as Woke as It Appears
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June 22, 2021
Editorial
Taxpayers Should Demand Their Airline Bailout Money Back
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June 21, 2021
Editorial
Why Conservatives And Libertarians Should Think Globally About Environmental Policy
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June 23, 2021
Editorial
Thoughts at the Waning of COVID
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June 22, 2021
Editorial
Donald Boudreaux and Douglas Irwin on Free-Trade Tips From 1846
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June 25, 2021
Editorial
Podcasts
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Steffen Murau on the Eurozone, International Monetary Architecture, and the Future of the Dollar Zone
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June 21, 2021
Steffen Murau is a political economist at the Global Development Policy Center at Boston University and specializes in international money and finance. He joins Macro Musings to talk about the Eurozone, its role within international monetary architecture, and the future of the dollar zone. They also discuss balance sheet hierarchies, the roles of European banks compared to their American counterparts, and the fiscal ecosystem present within the Eurozone.
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Defending the Constitution of Knowledge
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June 25, 2021
In this twelfth installment of a series on liberalism, Benjamin Klutsey, the director of academic outreach at the Mercatus Center at George Mason University, talks with Jonathan Rauch about fallibilism, groupthink, cancelers and trolls, and why the constitution of knowledge is better than the marketplace of ideas.
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Coming Out as Dalit—A Journey From Shame to Pride
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June 24, 2021
Shruti and Yashica Dutt discuss India’s caste system, being Dalit and “passing” as non-Dalit, the intersection of caste and gender, reservations in the Indian educational system and much more. Dutt is an Indian writer and journalist who has written on a broad range of topics including fashion, gender, identity, culture and caste.
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