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November 15, 2024
JD Vance is Right: Reduce the Power of Big Foundations to Help Charity
…an extended deduction will or won’t increase giving. Lawmakers, instead, worry about the revenue loss to the IRS that would result. Indeed, the CARES Act incentive, now expired, has been…
November 14, 2024
The Rotting of the College Board
…section of the test.” Divvying up the test into easier and more difficult parts, he found that “Black test takers overperformed on the hard part and underperformed on the easy…
November 13, 2024
How Trump Might Fulfill His Higher-Education Campaign Promises
…to pay for specific education initiatives. In particular, Trump could urge lawmakers to use the endowment tax revenue to expand financial assistance for students who are not pursuing four-year college…
October 25, 2024
How Workforce Education Can Boost Earnings and Fill Jobs
…Pell Grants began to cover the cost. Still, the instinct to level the playing field between traditional higher education and workforce training is a good one, and policymakers ought to…
October 21, 2024
US Tariffs Will Not Bring Back Jobs from China
…response. Worse, the protectionism of the Trump-Pence and Biden-Harris administrations has visibly hurt workers and consumers. Part of the reason policymakers have taken such a wrong turn is that the…
October 11, 2024
It’s time to face up to our social poverty problem
…less than we used to, and we provide each other less social support. Rather than owning up to our glaring social poverty problem, policymakers have focused instead on relieving economic…
October 9, 2024
Learning the Right Lessons from the “China Shock”
…it is about consumption, productivity growth, and wage growth. What, then, are the right lessons? There are two important lessons for economists and policymakers from the “China shock” literature. First,…
October 9, 2024
Two Cheers for California’s Ban on Legacy Admissions
…association. When they’re operating on their own dime, private colleges have a right to admit whom they like. At the same time, lawmakers have every right to write rules for public colleges…
October 8, 2024
The Longshoremen Are Making the Wrong Demands
…of cheaper labor, relocated within the United States or overseas. Policymakers, focused on the real overall gains for the economy, gave little thought to the millions who would need retraining,…
September 20, 2024
Don’t Believe the Doomsayers. The American Dream Is Still In Reach for Young People
…connection.” In other words, policymakers should deemphasize cash transfer programs that provide public dollars directly to individuals, unconditionally. These “no-strings-attached” programs often have the behavioral effect of discouraging work. Instead,…