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  • April 2, 2024
    Policy Analysis
    No. 971
    A Return to US Casualty Aversion
    A Return to US Casualty Aversion
    After the extended, tragically costly, and fundamentally absurd aberrations caused by the overreaction to 9/11, a more limited American military approach appears to be back—and perhaps is even more embraced than in the post‐​Vietnam decades.
    By John Mueller
  • March 27, 2024
    Research Briefs in Economic Policy
    No. 376
    Labor Market Impacts of Reducing Felony Convictions
    Labor Market Impacts of Reducing Felony Convictions
    Our research examines whether retroactively reducing felony convictions to misdemeanors can improve employment prospects for this population.
    By Amanda Y. Agan, Andrew Garin, Dmitri K. Koustas, Alexandre Mas, & Crystal Yang
  • March 21, 2024
    Briefing Paper
    No. 175
    Let Pharmacists Prescribe
    Let Pharmacists Prescribe
    State lawmakers should expand pharmacists’ scope of practice to allow them to independently treat a wide range of medical conditions.
    By Marc Joffe and Jeffrey A. Singer
  • March 18, 2024
    Working Paper
    No. 80
    Banks Are Intermediaries of Loanable Funds
    Banks Are Intermediaries of Loanable Funds
    This essay defends the supposedly naïve “Intermediation” theory of banking against its lately de rigueur “Thin Air” rival.
    By George Selgin
  • March 14, 2024
    Policy Analysis
    No. 970
    Biden Short-Term Health Plans Rule Creates Gaps in Coverage
    Biden Short-Term Health Plans Rule Creates Gaps in Coverage
    The proposal to limit short‐term plans is not an attempt to protect consumers. It is the opposite: an attempt to punish consumers who choose a perfectly legal and valid product that competes with the product the Departments favor.
    By Michael F. Cannon
  • March 13, 2024
    Research Briefs in Economic Policy
    No. 374
    Do Water Audits Work?
    Do Water Audits Work?
    Our results suggest that a cubic meter of water conservation would need to yield other benefits (such as reduced water infrastructure investment costs) of about $8, or 10 times the price of that amount of water, for the letter program to be worthwhile.
    By Jesper Akesson, Robert W. Hahn, Rajat Kochhar, & Robert D. Metcalfe
  • February 28, 2024
    Research Briefs in Economic Policy
    No. 372
    Does Cash Bail Deter Misconduct?
    Does Cash Bail Deter Misconduct?
    Since the no-cash-bail policy changed the conditions of release without affecting the overall release rate, it provided an ideal opportunity to test the deterrent effects of monetary and supervisory conditions among this group of low-level offenders.
    By Aurélie Ouss and Megan Stevenson
  • February 20, 2024
    Policy Analysis
    No. 969
    State Fiscal Health and Cost-Saving Strategies
    State Fiscal Health and Cost-Saving Strategies
    Most state governments have emerged from the COVID-19 pandemic in a stronger financial position. However, as the Federal Reserve raises debt servicing costs, these trends are ending or even reversing.
    By Marc Joffe
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