Mercatus Center Research on Presidential Priorities

President Joe Biden delivered his first State of the Union address on March 1, 2022. During his speech, President Biden outlined his policy priorities moving forward. Scholars at the Mercatus Center have spent decades researching and analyzing many of the economic policies discussed by the president. Below are links to relevant work by Mercatus Center scholars.

Inflation:

• Central Banks Are Inflation Creators, Not Inflation Fighters
• Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy
• Lubos Pastor and Elisabeth Kempf on *Fifty Shades of QE* and the Implications of QE Research

Deficit Reduction:

• Why We Have Federal Deficits: An Updated Analysis
• There's No Hope for the US Budget Deficit Until Congress Addresses These 3 Things

Competition/Antitrust:

• Crusade Against 'Big Meat' Is Latest Example of Misguided Effort to Use Antitrust as Anti-Inflation Tool
• A First Glance at the Biden Executive Order on Competition: The Good and the Bad (Including Much that Looks Ugly)

U.S. Innovation and Competition Act/America COMPETES Act (technology innovation/China competition):

• Targeted Industrial Policy Will Not Boost High-Tech Innovation; Encouraging Entrepreneurialism Will
• Does the United States Need a More Targeted Industrial Policy for High Tech?
• Drone Policy and Industrial Policy in the United States and China: Comparisons and Recommendations for American Lawmakers

Minimum Wage:

• Unintended Consequences of Raising the Minimum Wage
• Ignoring the Adverse Effects of the Minimum Wage May Cost Taxpayers Billions

Global Minimum Tax:

• Here Comes the Hypocritical Global Minimum Tax

Advanced Research Projects Agency for Health (ARPA-H):

• On Government and Innovation in Healthcare

PRO Act/Labor:

• Consequences of Restricting Independent Work
• Will Congress Play Politics With the Pro Act, or Listen to Workers?
• Employee vs. Independent Worker
• Higher Education and the School-Work Mismatch in an Evolving Labor Market

“Buy American”:

• The Coronavirus Should Not Prompt Us to Rethink Globalization

Affordable Housing:

• Opportunities for Better Federal Housing Policy: How the Biden Administration and Congress Can Improve Housing Affordability

Pre-K:

• Government Isn't Required to Build Back Better

If you would like to learn more about how you can support our scholars’ work, please contact Ashley Schiller at [email protected].