Vincent H. Smith | Jun 17, 2013
American taxpayers currently spend more than $20 billion per year on farm subsidies, the vast majority of which flow to the largest and wealthiest farming operations. The upcoming farm bill provides Congress the opportunity to eliminate the programs that simply transfer money from less-wealthy taxpayers to wealthier farm households. The question is, will the 2013 farm bill make these politically sensitive cuts?
Bruce Yandle | Mar 01, 2013
There was only one lane open as I made my trip to Atlanta; the other three were blocked with those unhappy yellow and black make-believe barrels used by the highway folks. Traffic flow was constrained by efforts to repair potholes and broken pavement. We in the slow lane had little choice in the matter. Instead of 70, we were slowed to 20 miles per hour. We had to accept our fate, or find another route at the next exit.
Bruce Yandle | Mar 06, 2012
With hope riding high for a stronger 2012 economy, treating the economy like a Washington-directed marionette is not the way to go.
Veronique de Rugy, Matthew Mitchell | Sep 12, 2011
Four years into the deepest recession since World War II, the U.S. economy expanded at a rate of only 0.7 percent in the first half of 2011. This means that the economy is growing at a slower pace than the population and that capita output continues to fall. In response, the president has announced a plan for yet more deficit-financed stimulus spending.
Bruce Yandle | Sep 06, 2011
In this quarterly economic situation report, Bruce Yandle discusses how the economy has changed since May 2011.
Garett Jones, Daniel M. Rothschild | Aug 30, 2011
How did the $787 billion American Reinvestment and Recovery Act (ARRA) affect the U.S. economy?

Testimony & Comments

Research Summaries & Toolkits

Expert Commentary

Feb 04, 2014

Barring some unforeseen outbreak of economic literacy on Capitol Hill, the farm bill is about to become law. As I’ve indicated in my recent essay on farm policy, this is a shame for the American consumer and for the American taxpayer.
By Nita Ghei |
Jul 09, 2013

Fiscal stimulus, or government spending, dominates the discussion, despite its even more complex problems of timing, knowledge, coordination with monetary policy and risk of adding to the debt burden.
Jun 17, 2013

The 2013 Farm Bill presents a real opportunity for substantive changes in U.S. agricultural policy. But instead of reform, both the House and Senate agricultural committees are offering classic bait-and-switch proposals to protect farm subsidies – more than 80 percent of which flow to households much wealthier than the average American family.
Jan 02, 2013

As the nation narrowly averts the dreaded “fiscal cliff,” can Americans finally exhale with the knowledge that Washington’s last-minute deal is a good deal for them? Mercatus Center at George Mason University scholars suggest the following key questions to help gauge whether the fiscal cliff deal is a real step toward improving the nation’s dire fiscal outlook.
By Antony Davies, James R. Harrigan |
Dec 19, 2012

In early 2009, President Obama predicted that his American Recovery and Reinvestment Act would "jump-start our economy," "create new jobs," and provide "many years of economic growth." He claimed that this growth would "cut the deficit in half by the end of [his] first term in office" and put "our nation on sound fiscal footing." Terrified of a repeat of the Great Depression, Americans supported the president's plan for more than $1 trillion in new government spending.
Jul 13, 2012

The House Agriculture Committee has approved a five-year farm and nutrition bill. This bill is the perfect example of what the ugly marriage between cronyism and dependency looks like.


This week’s chart is a re-creation of a chart produced by the Richmond Fed. The share of financial sector liabilities subject to implicit or explicit government protection from losses grew from 45 percent in 1999 to 60 percent in 2013 and amounts to a staggering $26 trillion.



Antony Davies | December 28, 2012
Antony Davies discusses the Fiscal Cliff on KDKA Radio.

Recent Events

What does the unemployment rate really mean? Does it suggest our economy is slowly growing, stuck in neutral, or in fact slipping back into recession? Do the monthly numbers on total jobs created and the unemployment rate tell the full economic story? In order to examine the results of the economic policies pursued since the Great Recession of 2008 effectively, it is critical to understand what the employment numbers mean and what information lies behind them.

Media Clippings

Daniel M. Rothschild, Garett Jones | Aug 25, 2013
Daniel Rothschild and Garett Jones cited at Trib LIVE.
Veronique de Rugy | Jun 19, 2013
It was refreshing to learn that other academics have come around to the view that in the intermediate and long term, a larger government inhibits growth.
Matthew Mitchell | Jul 19, 2012
Matthew Mitchell quoted discussing the ill effects of cronyism.
Veronique de Rugy | Jul 19, 2012
Veronique de Rugy is quoted discussing the negative effects of government loan guarantees.
Veronique de Rugy | Jun 26, 2012
Veronique de Rugy is cited discussing federal increases in food stamp spending.
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