Mercatus Center

Sin Taxes: Size, Growth, and Creation of the Sindustry

Adam J. Hoffer, William F. Shughart II , Michael D. Thomas
May 5, 2013

Revenue shortfalls associated with the Great Recession and the corresponding slow recovery have hindered the ability of US state governments to balance their budgets.

The Consumer Protection Financial Bureau: Savior or Menace?

Todd Zywicki
October 1, 2012

One of the centerpieces of the Dodd-Frank financial reform legislation was the creation of a new federal Consumer Financial Protection Bureau of the Federal Reserve.

Are Government Spending Multipliers Greater During Periods of Slack?

Michael T. Owyang Valerie A. Ramey and Sarah Zubairy
January 2, 2013

According to Keynesian economic theory, many recessions have little or nothing to do with underlying (structural) economic problems. Instead, recessions are the result of a crisis in confidence.

State Income Migration and Border Tax Burdens

Jacob M. Feldman
March 15, 2012

Citizens are departing high tax US states for low tax rates. These effects are particularly strong among bordering states.

Consumer Welfare and TV Program Regulation

Bruce M. Owen
May 24, 2012

Getting rid of obsolete regulation of the broadcast and distribution of video programming is essential to the efficient operation of a market that has the potential to greatly increase the benefits

Deposit Insurance Is Not Free

William J. Luther and Thomas L. Hogan
December 12, 2012

Government-provided deposit insurance is not free. The reason is straightforward: Government-provided deposit insurance in practice differs significantly from that proposed in theory.

Reducing Debt and Other Measures for Improving U.S. Competitiveness

Jason J. Fichtner and Jakina R. Debnam
November 13, 2012

The United States is at a tipping point: the gross national debt is over $16 trillion, equal to or exceeding the gross national product; unemployment is high; and job creation is low.

What Went Wrong With the Bush Tax Cuts

Matthew Mitchell and Andrea Castillo
November 28, 2012

Critics of the Bush tax cuts often dismiss the tax changes as a failed experiment in free-market economics.

The Internet, Sales Taxes, and Tax Competition

Veronique de Rugy and Adam Thierer
October 11, 2011

With most state lawmakers facing large budget deficits, they have become more aggressive about collecting online sales taxes.

Limiting Social Security’s Drag on Economic Growth: Program Reforms to Facilitate Labor and Savings Formation

Charles Blahous and Jason J. Fichtner
November 1, 2012

Despite the lack of action, most policymakers understand the urgency of the federal entitlement crisis, and specifically, of the need to reform the largest entitlements—Medicare, Social Security an

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