Articles

It is with deepest sadness and regret that we learned of the passing of Dr. Perry Mehrling. Dr. Mehrling played a vital role in INET and its Young Scholar Initiative (YSI) for many years. We were looking forward with hopeful anticipation to working with him far into the future. Alas, it was not to be. Over the next few months, INET and YSI will be organizing a series of tributes to Dr. Mehrling. In the meantime, we gratefully reprint with permission the warm and generous appreciation of our long time colleague just published by our friends at the History of Economics Society. INET and YSI join with the EHS in expressing our deepest condolences to Dr. Mehrling’s wife and extended family.

A new health-care reform agenda puts antitrust at the center, targeting the conglomerates that dominate insurance, pharmacies, and providers. But breaking up Big Medicine leaves deeper problems intact, from profit-driven denial and risk selection to the administrative costs of a fragmented system.

Kevin Warsh’s call for fresh thinking at the Fed runs up against a deeper problem. The tools and concepts guiding monetary policy may no longer fit an economy reshaped by AI, shifting prices, and the fading power of interest rates.