The latest Mercatus research, media, commentary, and events delivered week by week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Regulation

To Promote Tech Hubs Across the Country, Governments Should Focus on Improving the General Business Environment

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September 9, 2021

Despite the best intentions, government industrial policy schemes to promote regional innovation hubs and Silicon Valley-like technology clusters have generally failed. As political scientist Mark Zachary Taylor summarizes the evidence, “The consensus is that top-down policy interventions are almost always ineffective at successful cluster creation.” In particular, attempts to artificially create tech hubs where “a critical mass of infrastructure and skilled labor do not yet exist” almost never work.

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How 'Mortality Analysis' Can Promote Equity For the Poor and Vulnerable

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September 1, 2021

Editorial

Virginia Has Led the Way on Cutting Red Tape. Will The Next Governor?

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September 1, 2021

Editorial

Belated Happy Labor Day: Union Guy Gets a Seat on Ex-Im Board

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September 9, 2021

Editorial

Healthcare

For Greater Healthcare Access, License Physicians Like Pilots

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September 9, 2021

The United States spends more on healthcare than any other nation—in absolute terms, as a percentage of gross domestic product, and per capita. Nevertheless, it has problems of access and quality, which pose problems for patients, providers, payers, and policymakers. Those in rural areas, inner cities, and Native American communities face special challenges of access, as do linguistic minorities and residents of particular states and regions.

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Cost and Quality of Care in Physician-Owned Hospitals: A Systematic Review

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September 7, 2021

Research

Mitigating Coronavirus by Injecting Personal Cost Responsibility

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September 5, 2021

Editorial

Artificial Intelligence and the Humanization of Medicine

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September 7, 2021

Editorial

Economics

The Economic Situation, September 2021

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September 7, 2021

As 2021’s last quarter approaches, some key economic data are smiling on the country. Estimates for real GDP growth for the second quarter are hitting 6.6 percent. Indeed, the pace of growth has now completely lifted the economy out of the pandemic hole that developed in 2020. The country is where it was when the pandemic-generated collapse started, at least as measured by GDP. Even better, and as shown in table 1, three major estimates suggest that the year’s last quarter will be okay, but 2022 prospects are considerably dimmer. As to be expected, the effects of massive stimulus spending do eventually wear out.

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The Expectations Gap: An Alternative Measure of Economic Slack

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September 8, 2021

Research

COVID-19 Expanded Unemployment Insurance Benefits May Have Discouraged a Faster Recovery

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September 3, 2021

Research

Misplaced Outrage About the Debt Ceiling

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August 31, 2021

Editorial

Did the End of Unemployment Insurance Come Too Late for Some Workers?

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September 3, 2021

Editorial

Taxes? What Taxes?

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September 8, 2021

Editorial

What We Know So Far About Expanded Unemployment Benefits

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September 9, 2021

Editorial

Can Cryptocurrency Become Mainstream?

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September 8, 2021

Podcast

Foreign Policy

Immigration and US Labor Market Outcome

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September 8, 2021

Is immigration a boon for the US economy or the opposite? Robert Krol addresses the issue in “Immigration and US Labor Market Outcomes.” He finds that receiving immigrants results in a large net gain to the country and that, from an economic perspective, expanding immigration would be a desirable policy reform.

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The U.S. Intelligence Model Is Dangerously Behind the Times

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September 3, 2021

Editorial

Too Much Money to Lose: The US War Machine Will Create a New Conflict

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Septemer 9, 2021

Editorial

Immigration and the Trillion-Dollar Lottery

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September 9, 2021

Editorial

China Sets Sights on Taiwan After US Abandonment of Afghanistan

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September 8, 2021

Video

Social Issues

The New Racial Politics Is Rooted in Old Anti-Capitalism

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September 8, 2021

Racial politics is the overwhelming obsession of the moment, and it often seems as if it has eclipsed everything else. This narrow focus is lamented by the more old-fashioned folks on the left, who still think that the “class struggle” and anti-capitalism should be the main focus of politics. For example, some of the most trenchant criticism of The New York Times’ 1619 Project came from the Worldwide Socialist Web Site. It revealed an internecine battle in which the Marxist old left tried to regain the high ground seized by a race-obsessed new left.

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Presidents and the Age Question

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September 7, 2021

Editorial

Scott Sumner’s Testament to Original Thinking

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Septemer 1, 2021

Editorial

How Gaming Will Change Humanity as We Know It

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September 4, 2021

Editorial

Podcasts

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Philippa Sigl-Glöckner on the Debt Brake, German Fiscal Policy, and Full Capacity Utilization

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September 6, 2021

Philippa Sigl-Glöckner is the director of the German think tank Dezernat Zukunft, or the Institute for Macrofinance, and was formerly a part of the German Federal Ministry of Finance. Philippa joins Macro Musings to talk about fiscal policy in Germany, as well as her new paper, A New Fiscal Policy for Germany. Specifically, David and Philippa discuss the historical context for German fiscal policy, the three big economic challenges for Germany, and how the country can achieve full capacity utilization in the future.

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Edward Glaeser and David Cutler on the Health and Wealth of Cities

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September 8, 2021

With remote work becoming more common and cities competing for businesses it’s become easier than ever before for educated Americans to relocate, leaving cities more vulnerable than they’ve ever been. In their new book, Survival of the City: Living and Thriving in an Age of Isolation, economists David Cutler and Ed Glaeser examine the factors that will allow some cities to succeed despite these challenges, while others fail.

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Remixed Religion in America

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September 10, 2021

Benjamin Klutsey is joined by Tara Isabella Burton to discuss the decline of trust in religious institutions, contemporary spirituality’s focus on self-determination, the role of the internet in creating new religious affinities and much more.

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Ideas of India: The Hindi Gangster Film Tradition

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September 2, 2021

In this episode, Shruti talks with Uday Bhatia about Hindi gangster films, particularly “Satya” and its legacy. They discuss vigilante cops, corrupt politicians and other movie tropes, as well as how the Indian gangster film has evolved over time.

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