The latest Mercatus research, media, commentary, and events delivered week by week.
Government Spending
Why We Have Federal Deficits: An Updated Analysis
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November 19, 2021
Federal deficits are at historic highs, price inflation is rearing its head, and lawmakers are progressively losing control over federal finances. We hear much political rhetoric today about who is to blame for skyrocketing federal deficits. But while the 2021 deficit is primarily the result of legislation enacted this year and last, the largest drivers of the worsening structural fiscal imbalance were enacted a half-century ago. In “Why We Have Federal Deficits: An Updated Analysis,” Charles Blahous shows that the nation’s finances cannot be stabilized until those longstanding deficit drivers are reformed in future legislation to moderate their cost growth.
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Should We Celebrate Biden's Shift From Tariffs to Quotas? Not Exactly
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November 12, 2021
Editorial
Pouring Fuel on the Spending Fire
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November 18, 2021
Editorial
Milton Friedman Is More Relevant Than Ever
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November 18, 2021
Editorial
Regulation
Planepooling: It’s Time to Reinvent Regional Air Travel
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November 18, 2021
COVID-19, recent technological advances in the taxi and aviation industries, and demographic shifts have created ideal conditions for the introduction and mass adoption of a new system of regional air transportation. Since the commercial aviation sector was deregulated in 1978, flights have mainly been based on a hub-and-spoke system involving large airplanes, large airports, and rigid schedules. More than two decades ago, federal officials explored an alternative system based on small planes, small airports, and on-demand scheduling. We refer to such a system as planepooling. At the turn of the 21st century, conditions were not favorable for such a shift, but in 2021, they have improved. In this brief, we discuss such a system, its increasing feasibility, and the technological and regulatory innovations needed to make it work.
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Planepooling and Air Taxis for Post-COVID Aviation
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November 17, 2021
Research
Does the United States Need a More Targeted Industrial Policy for High Tech?
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November 17, 2021
Research
Should the Securities and Exchange Commission Adopt a Mandatory ESG-Disclosure Framework?
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November 16, 2021
Research
Spinoffs Are Nothing New, and No Cause for Alarm
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November 18, 2021
Editorial
Foreign Policy
China Enters Unsteady Waters as Xi Tightens Grip on Power
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November 15, 2021
Chinese President Xi Jinping got a major shot in the arm last week. On Nov. 11, the Chinese Communist Party (CCP) concluded the Sixth Plenary Session of the 19th Central Committee—the most important political gathering before the 2022 Party Congress—and the results all but ensured Xi will continue to lead the country after next year’s twice-a-decade leadership reshuffle.
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Manufactured Migrant Crisis on Polish Border Is a Form of Hybrid Warfare
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November 18, 2021
Editorial
Hungary’s Progressive Critics Throw Stones, But Live in Glass Houses
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November 17, 2021
Editorial
Modernizing Arabs Must Not Surrender The Arabic Language
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November 14, 2021
Editorial
Biden Should Deliver Strong Message to China About US Defending Taiwan: Zhong
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November 14, 2021
Video
Podcasts
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Ajmal Ahmady on the Afghan Economy and the Challenges Facing the Nation’s Future
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November 15, 2021
Ajmal Ahmady is the former acting governor of the Central Bank of Afghanistan and is now a senior fellow at the Harvard Kennedy School of Government. Ajmal joins Macro Musings to talk about his experience as a central bank governor in Afghanistan and the challenges now facing the nation’s economy. Specifically, David and Ajmal discuss his unique role as the country’s central bank chief, the structure of the Afghan monetary system, the state of the nation’s economy moving forward, and more.
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Ideas of India: Sexual Harassment, Empathy Training and Gender Bias
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November 18, 2021
Shruti talks with Karmini Sharma about her job market paper, “Tackling Sexual Harassment: Experimental Evidence from India.” They discuss how training about sexual harassment affects men’s behavior and women’s beliefs, how long these effects are likely to persist, and the broader implications for the #MeToo movement in India.
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David Rubenstein on Private Equity, Public Art, and Philanthropy
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November 17, 2021
Baltimore native David Rubenstein is a founding figure in private equity, a prolific philanthropist, and author. From leveraged buyouts to his patriotic philanthropy to his leadership roles within institutions like the Smithsonian, Kennedy Center, and the National Gallery of Art, David has spent much of his life evaluating what makes institutions — and people — succeed.
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