The 2015 Mercatus Policy Guide is intended to summarize and condense the best research available on the most pressing topics. It serves as a starting point for discussion, not a comprehensive overview of economic policy.
The focus of the committee’s white paper on how to “foster” various television distributors, while understandable, was nonetheless misguided. Such an inquiry will likely lead to harmful rules that favor some companies and programmers over others, based on political whims. Congress and the FCC should get out of “fostering” the video distribution markets completely. A light-touch regulatory approach will prevent the damaging effects of lobbying for privilege and will ensure the primacy of consumer choice.
When it comes to funding national defense, policymakers tend to ignore war costs so an accurate assessment on the burden on taxpayer of overseas military ventures is increasingly important as pressure mounts to increase the Pentagon’s regular “base” budget.
In a new empirical study of state-level fiscal data for the Mercatus Center at George Mason University, economists David T. Mitchell and Dean Stansel examine these competing hypotheses and conclude that fiscal stress at the state level is positively correlated with spending growth and negatively correlated with the size of the state’s rainy day fund.
Dealers wasted no time petitioning Congress to reverse the planned dealer terminations. The 2010 Consolidated Appropriations Act (H.R. 3288) included a provision, Section 747, which provided the opportunity for “covered dealerships” to reacquire franchises terminated on or before April 29, 2009 through an arbitration process. The provision affected all 2,789 dealerships slated for termination; however, the total count of dealers who decided to file paperwork to enter the process was 1,575. Of the cases that went to hearings, arbitrators allowed the manufacturers to close 111 dealerships and ruled in favor of 55 dealers. The other cases were settled or withdrawn.
This week’s charts use data from the Congressional Research Service and the Government Accountability Office to display total federal cybersecurity spending required by the Federal Information Security Management Act of 2002 (FISMA) with the total number of reported information security incidents of federal systems from 2006 to 2013.
On the eve of its abolition in 1981, the Council on Wage and Price Stability (CWPS) pointed out that regulations were often imposed without a clear understanding of the problem they were supposed to solve, a realistic examination of a range of options for solving the problem, and a benefit-cost analysis of each option.
In this article we survey the type of financial instruments and transactions that will most likely be of interest to regulators, including traditional securities and derivatives, new bitcoin-denominated instruments, and completely decentralized markets and exchanges.
In this paper we discuss three ways that states can benefit patients by making their health care markets more competitive: they can abolish certificate-of-need laws, liberalize scope-of-practice regulations, and remove barriers to telemedicine.
In a new study for the Mercatus Center at George Mason University, scholars Robert Emmet Moffit and Neil R. Meredith demonstrate that while the MSP Program grants new power to the OPM by setting standards designed to limit entry into the program, the law may decrease competition and increase consolidation in the health insurance market. Decreased competition in the health care market may lead to higher prices for consumers of health care and could revive calls for a public health insurance option.
The Mercatus Center at George Mason University invites you to a Regulation University presentation with Dr. Jerry Ellig, senior research fellow, on what causes regulatory “decision-making in the dark” today.