The latest Mercatus research, media, commentary, and events delivered week by week.
Economics
What Happens When Governments Pay for Spending with Money Creation? Lessons from the Early Riksbank
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October 6, 2021
In recent years, Modern Monetary Theory (MMT) has received greater attention in both the popular press and in the public debate over deficit spending and the level of government debt. The basic idea at the core of MMT is as follows: The monetarily sovereign government is the monopoly supplier of its currency and can issue currency of any denomination in physical or non-physical forms. As such the government has unlimited capacity to pay for the things it wishes to purchase and to fulfill promised future payments, and has an unlimited ability to provide funds to other sectors. Thus, insolvency and bankruptcy of this government is not possible. It can always pay.
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Biden’s Tax Hikes Will Make Us Poorer in More Ways Than Most of Us Realize
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October 5, 2021
Editorial
Expanded Unemployment Benefits May Have Discouraged a Faster Recovery
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October 7, 2021
Editorial
Escalating Dorm Rates, Eminent Domain and Economics 101
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October 7, 2021
Editorial
The Next Economic Battle: Striving for Simplicity
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October 6, 2021
Editorial
Supply Shortages & Rising Demand
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October 4, 2021
Video
Trade & Foreign Policy
Ex-Im Bank Competitiveness Doesn't Help Export Competitiveness
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October 4, 2021
According to Section 3(d)(4) of the Ex-Im Bank’s charter, the purpose of the Advisory Committee is to advise the bank on its programs and inform Congress “on the extent to which the Bank is meeting its mandate to provide competitive financing to expand United States exports, and any suggestions for improvements in this regard.” The committee’s comments are to be submitted alongside the Ex-Im Bank’s periodic Report to the U.S. Congress on Global Export Credit Competition (Competitiveness Report), which itself is supposed to document the competition that US exporters face because of the financing provided by foreign export credit agencies.
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Make Gulf Nationals Fathom Their Strategic and Economic Importance to The World
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October 3, 2021
Editorial
Our International Institutions Are Failing Us (Or Are We Failing Them?)
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October 2, 2021
Editorial
How Do We Respond to Beijing’s Forced-Labor Camps?
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October 6, 2021
Video
Politics
Independents Get the Job Done
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October 4, 2021
Since the Era of Good Feelings is off the table, we now live in the political Era of the Binary Choice. Launched as part of the Flight 93 argument in support of Donald Trump in the 2016 election, this is the idea that there is no room for conscientious political objectors to sit out an election or cast a protest vote if they don’t like either of the major parties or candidates. Since one of those major parties is going to win, and since the stakes are unprecedentedly high (and they’re always unprecedentedly high), everyone has to choose one candidate or the other.
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There’s No Quick Fix for the Debt Ceiling
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October 1, 2021
Editorial
The Thing That Should Not Be
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October 6, 2021
Editorial
For Some Politicians, Enough Spending Will Never Be Enough
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October 7, 2021
Editorial
The 'Kicking Ourselves When We're Down' Century
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October 8, 2021
Editorial
Podcasts
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Chris Russo on the 2021 Debt Limit Fight, Its Potential Impacts, and Solutions for Reform
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October 4, 2021
Chris Russo is a post-graduate research fellow in the Monetary Policy Program of the Mercatus Center at George Mason University and is a former economist at the New York Federal Reserve Bank. He re-joins Macro Musings to talk about the growing concerns over the US debt ceiling, what it could mean for the economy, and how to fix the issue.
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Claudia Goldin on the Economics of Inequality
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October 6, 2021
Harvard professor Claudia Goldin has made a name for herself tackling difficult questions. What was the full economic cost of the American Civil War? Does education increase or lessen income inequality? What causes the gender pay gap — and how do you even measure it? Her approach, which often involves the unearthing of new historical data, has yielded lasting insights in several distinct areas of economics.
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Fortress and Frontier: The Disruptive Innovator
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October 8, 2021
Robert Graboyes, a senior research fellow at the Mercatus Center, speaks with Dr. Jason Hwang about healthcare innovations such as the MinuteClinic and telemedicine, the history of disruption in healthcare and other industries, the need for change in medical education and much more.
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