The latest Mercatus research, media, commentary, and events delivered week by week.
Announcement
The Program on Pluralism and Civil Exchange
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June 30, 2021
The Mercatus Center at George Mason University is pleased to announce a new initiative, the Program on Pluralism and Civil Exchange, focused on building pathways toward a free and peaceful society. Ben Klutsey, currently Director of Academic Outreach at Mercatus, will lead this new initiative. Through the Program on Pluralism and Civil Exchange, Mercatus is seeking to build a robust and diverse community of thinkers, writers, scholars, and do-ers working in the broad liberal tradition. This program will include visiting fellows, a new Pluralism Lab to foster conversation and civil discourse, and partnerships with centers and universities across the country.
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Policy Issues
FTC Competition Regulation: A Cost-Benefit Appraisal
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June 28, 2021
There are recent indications that the Federal Trade Commission (FTC) is seriously contemplating promulgating rules that address competition issues, specifically rules that define particular unfair methods of competition. The FTC has extensive experience in issuing consumer protection rules. FTC regulation of competition through rulemaking, however, would be at odds with a long American tradition of relying on case-by-case antitrust adjudication, rather than rulemaking, to deal with practices that harm the competitive process.
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The Case for Limiting Government Semiconductor Subsidies
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June 26, 2021
Editorial
Industrial Policy Meets the Real World
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June 29, 2021
Editorial
Beijing Can’t Make Sense of Biden’s China Strategy. Can Biden?
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July 1, 2021
Editorial
Economics & Financial Markets
Basel III and Excess Reserves: Another Case Study of the Unintended Consequences of Risk-Based Capital Requirements
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June 29, 2021
In section 201 of the Financial Services Regulatory Relief Act of 2006, Congress authorized the Federal Reserve to pay banks interest on balances held at regional Federal Reserve banks starting on October 1, 2011. However, during the 2007–2009 financial crisis, Congress fast-tracked that change to take effect October 1, 2008, in section 128 of the Emergency Economic Stabilization Act of 2008. With the payment of interest on reserves in effect, the largest banks began holding substantial amounts of excess reserves.
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Housing Prices Are Going Up. Must They Crash?
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June 29, 2021
Editorial
What A 220-Year-Old French Political Scientist Can Teach Us About Today's Economy
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June 30, 2021
Editorial
How Lingering MAGA Tariffs Made Our Housing More Costly and Canadians Richer
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June 30, 2021
Editorial
Entitlement Cornucopia
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June 29, 2021
Editorial
Social Issues
When Only Courage Will Do
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June 30, 2021
Since our country’s founding, change has come about through acts of courage. At key points in history, Americans have had to take a stand—from the Minutemen who answered the call at Lexington and Concord to the civil rights protesters who stood up by sitting down, be it at a lunch counter in Greensboro or on a bus in Montgomery.
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NCAA's Supreme Court Defeat Is Bad for Sports Fans — and Some Athletes
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June 30, 2021
Editorial
The Profit Motive Drives Innovation, Not Government
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June 28, 2021
Editorial
Biden Reviews Endangered Species and Wetlands Protection
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June 28, 2021
Editorial
Podcasts
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Jason Furman on Overheating, Inflation, and Fiscal Policy in an Era of Low Interest Rates
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June 28, 2021
Jason Furman is a former chair of the Council of Economic Advisers and is currently a senior fellow at the Peterson Institute for International Economics. Jason is also a professor at Harvard University and he rejoins Macro Musings to talk about overheating, the inflation outlook, and the right way to think about fiscal policy in an era of low interest rates.
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Richard Prum on Birds, Beauty, and Finding Your Own Way
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June 30, 2021
Richard Prum really cares about birds. Growing up in rural Vermont, he didn’t know anyone else interested in birding his own age. The experience taught him to rely on his own sense of curiosity and importance when deciding what questions and interests are worth studying.
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The Globalization of Antitrust
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July 2, 2021
Alden Abbott interviews antitrust scholar-practitioners James Rill and William Kovacic about the development of global antitrust law, the International Competition Network, America’s role in the future of antitrust and much more.
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