The latest Mercatus research, media, commentary, and events delivered week by week.
Urban Issues
DC Metro’s Derailment: Act Now, Don’t Wait
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October 19, 2021
On Sunday night, the Washington Metropolitan Area Transit Authority announced it was pulling most of its trains out of circulation due to safety concerns. With just 40 trains left to serve the entire system, unsuspecting commuters were stranded on platforms and crammed into the few moving trains Monday morning.
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Foundations and Microfoundations: Building Houses on Regulated Land
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October 18, 2021
Research
Encouraging Local Governments to Lower Their Barriers to Housing Construction
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October 15, 2021
Research
Economics & Monetary Policy
The Princeton School and the Zero Lower Bound
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October 19, 2021
In the early 2000s, a small group of economists at Princeton University (including Paul Krugman and Ben Bernanke) provided insightful analysis for how to make monetary policy more effective when interest rates are near zero. In “The Princeton School and the Zero Lower Bound,” Scott Sumner shows how this school of thought began to influence Federal Reserve policy and how its key ideas relate to other recent policy models advocated by market monetarists and NeoFisherians.
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Yes, the National Debt Still Really Matters
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October 18, 2021
Editorial
Inflation Will ‘Undermine’ US Economy, Growth Over Time: Hoenig
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October 19, 2021
Video
IRS Bank Reporting Proposal 'Contradicts' Basic US Principles: Hoenig
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October 21, 2021
Video
Regulation
States’ Mistakes Are No Justification for Federal Regulation
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October 20, 2021
President Biden’s nominee to run the Federal Railroad Administration, Amit Bose, is the subject of a confirmation hearing this week in the Senate Committee on Commerce, Science, and Transportation. Bose recently spoke to the committee about the direction he has in mind for the FRA. One question related to train crew sizes. This years-long debate, while seemingly only applicable to the railroad industry, encapsulates a question that will probably come up repeatedly in the Biden administration: Will the president press regulators to implement smart, 21st century regulatory approaches, or will it be business as usual in Washington?
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85 Years of Economic Warfare Between States is Enough
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October 19, 2021
Editorial
Biden Says He Is Fixing Supply Chains, But His Regulatory Actions Say Otherwise
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October 19, 2021
Editorial
Foreign Policy
Has China Won the Wireless Wars?
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October 19, 2021
This article is a slightly edited Q&A between Adam Thierer, a senior research fellow at the Mercatus Center at George Mason University, and Jonathan Pelson, a telecommunications expert and author of “Wireless Wars: China’s Dangerous Domination of 5G and How We’re Fighting Back.”
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Could Mexico Be the Next Denmark?
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October 19, 2021
Editorial
As EU Moves on Carbon Pricing, US Must Work With WTO to Avert Trade War
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October 21, 2021
Editorial
Supply Chain Issues Will Be 'Exacerbated' By Holiday Season: Expert
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October 21, 2021
Video
Social Issues
Diagnosing Contemporary America’s Ills: Where Did We Go Wrong?
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October 20, 2021
For most of my lifetime—except perhaps for a brief period after the end of the Cold War—Americans have been convinced that we are living in an era of crisis. But the current era can claim at least one bona fide crisis distinct to itself: the resurgence of authoritarianism and the widely acknowledged weakness of “liberal democracy,” particularly compared with the triumphal confidence of liberal democracy in that post-Cold War era. So, what went wrong?
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Welcome to the Fifth Wave
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October 21, 2021
Editorial
Fighting Illiberalism in Higher Education
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October 21, 2021
Editorial
Renewable Energy Could Pay the Price for Fuel Crisis
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October 16, 2021
Editorial
Podcasts
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Peter Conti-Brown on the Fed Trading Scandal, the Fed Chair Nomination Process, and Central Bank Governance
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October 18, 2021
Peter Conti-Brown is a legal scholar and financial historian at the University of Pennsylvania and is a nonresident fellow in economic studies at the Brookings Institution. Peter’s scholarship focuses on the legal and historical issues of the Federal Reserve system, and he rejoins Macro Musings to talk about the many facets of Fed governance. David and Peter specifically discuss the Federal Reserve’s recent trading scandal, the Fed Chair nomination process, the central bank’s role in fighting climate change, and much more.
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Ideas of India: Internal Migration for Aspiration vs. Compulsion
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October 21, 2021
This episode is the second in a mini-series featuring young scholars who discuss their latest research. In this episode, Shruti talks with Chhavi Tiwari about her job market paper titled “Internal Migration and Rural Inequalities in India” (with Sankalpa Bhattacherjee).
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Stanley McChrystal on the Military, Leadership, and Risk
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October 20, 2021
Stanley McChrystal joined Tyler to discuss whether we’ve gotten better or worse at analyzing risk, the dangerous urge among policymakers to oversimplify the past, why being a good military commander is about more than winning battlefield victories, why we’re underestimating the risk that China will invade Taiwan, how to maintain a long view of history, and more.
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Speaking Freely in American Universities
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October 22, 2021
Benjamin Klutsey talks with Keith Whittington about his latest book, “Speak Freely: Why Universities Must Defend Free Speech,” his work with the Academic Freedom Alliance, free speech on college campuses, self-censorship and much more.
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