The latest Mercatus research, media, commentary, and events delivered week by week.
Technology & Antitrust
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The Web 3.0 Revolution
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October 27, 2021
The energy and resources going into this exploration of new technologies are such that we are likely witnessing the advent of new types of organizational structures for the network age. These novel institutions model a new type of ownership, restructure social relations and ultimately provide another mechanism for innovation.
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Antitrust Policy Is Becoming Big Government’s ‘Room of Requirement’
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October 25, 2021
Editorial
New Antitrust Bills — Anti-Consumer, Anti-Enterprise, and Anti-Innovation
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October 28, 2021
Editorial
The Machine Starts: Ideology of the Timid
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October 26, 2021
Editorial
America's National Mood Disorder
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October 25, 2021
Editorial
‘New Madison Approach’ Should Be Retained to Promote American Innovation
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October 27, 2021
Editorial
Economics & Monetary Policy
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Measuring Monetary Policy: The NGDP Gap
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October 28, 2021
The nominal gross domestic product (NGDP) gap is a new benchmark measure created by the Mercatus Center at George Mason University to determine whether monetary policy is expansionary or contractionary. The NDGP gap measures the percent difference between this average forecast and the actual level of NGDP. If actual NGDP is below the neutral level, then monetary policy is contractionary. If actual NGDP is above the neutral level, then monetary policy is expansionary.
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Three Reasons Inflation Isn’t Here to Stay
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October 27, 2021
Editorial
Be Wary of Socialism's Slippery Slope
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October 28, 2021
Editorial
Bruce Yandle: Frankenstein Economy
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October 25, 2021
Audio
Savings and Incentives
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October 28, 2021
Editorial
The Democrats' Hunt for Money
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October 28, 2021
Editorial
Regulation
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A Snapshot of Regulation in Mideast States
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October 25, 2021
The analysis presented here provides new insights into the size and scope of regulation across the Mideast region, which should prove useful to academics, policymakers, and even the regulators themselves as they seek to understand the consequences of the regulatory state in America.
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Gerrymandering Reform Should Empower Voters, Not Political Parties
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October 28, 2021
Editorial
Ohio Should Open the Door to Skilled Workers
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October 27, 2021
State Testimony
Anti-Vaping Scare Tactics and Cigarette Sales
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October 28, 2021
Editorial
Foreign Policy
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What Do We Want From Our International Organizations?
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October 29, 2021
The U.S. trade representative, Ambassador Katherine Tai, was recently in Geneva to express the U.S. position on the future of the World Trade Organization (WTO), an institution that most people agree needs reform. Tai stated that the U.S. remains committed to the WTO. In some ways, it was a relief to hear a Cabinet official confirm the U.S. commitment to the trade body, especially after the tumultuous years of the Trump administration, which had threatened to withdraw the U.S. from the WTO altogether. But in other ways, her remarks left me feeling empty-handed.
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Weifeng Zhong and Christine McDaniel Discussion on Forced Labor in China
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October 21, 2021
Video
Social Issues
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The Most Unconstitutional Law in America
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October 26, 2021
The crimes inflicted on Native Americans over the centuries are infamous. Some, such as the Trail of Tears, were intentionally committed by racist political and military leaders who wanted to sweep Indians from the continent. Others, such as the efforts in the last century to re-educate Native Americans in boarding schools, were the consequence of paternalistic attitudes by politicians who thought they knew best how Indians should live. Either way, this dismal history stands as a stark lesson in the dangers of the government treating people differently based on their race.
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A Conversation on Lending Standards and Access to Housing
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October 25, 2021
Editorial
Podcasts
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George Selgin on Bitcoin and the Future of CBDCs
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October 25, 2021
George Selgin is the director emeritus of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to Macro Musings. George rejoins David on the podcast to discuss cryptocurrency, stable coins, CBDCs, and a push for a higher inflation target. Specifically, George and David discuss the category of ‘synthetic commodity money’ and how bitcoin is a potential example, the current state of Bitcoin amidst El Salvador’s transition to Bitcoin as its legal tender, the role of fintechs in the potential future of a Fed central bank digital currency, and much more.
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Ideas of India: Political Geographies and the Urban Transportation Crisis
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October 28, 2021
This episode is the third in a miniseries of weekly short episodes featuring young scholars entering the academic job market who discuss their latest research. In this episode, Shruti speaks with Dr. Gaurav Mittal about illegal and informal methods of transit, the role of courts and bureaucrats in transportation policy, failed government schemes to solve the transportation crisis and much more.
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