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December 5, 2024
Inflation Reduction Act Offers a General Lesson against Industrial Policy
With President Trump’s stunning return to power, Congress has the opportunity in 2025 to enact additional business tax cuts. One of their specific goals should be to make “full expensing”…
November 19, 2024
A Trump Boom?
Donald Trump’s stunning and decisive return to power makes it official: We live in the Age of Trump. The 2008 global financial crisis was a turning point in history, and…
October 21, 2024
US Tariffs Will Not Bring Back Jobs from China
Although protectionism has become a rare point of bipartisan consensus in America, the public debate about it gets some basic facts wrong. Yes, trade is disruptive, but the US has…
October 17, 2024
Harris’ Tax Plans Would Reduce Long-Term Prosperity. Trump’s Proposals Might Be Even Worse.
AEI Scholar and Director of Economic Policy Studies Michael R. Strain contributed to the Dispatch’s Symposium titled Economic Policy Experts: Doom, Thy Name Is Populism, as a group of experts outlined…
October 15, 2024
Why Should the US Wish to Be More Like China?
In my new paper for the Aspen Economic Strategy Group, I argue: The protectionism, trade wars, and industrial policies of the Trump and Biden administrations have not succeeded at meeting their…
October 9, 2024
Learning the Right Lessons from the “China Shock”
https://twitter.com/MichaelRStrain/status/1844047782505808245 An influential 2013 paper by economists David Autor, David Dorn, and Gordon Hanson finds an average reduction in manufacturing employment of 90,000 jobs per year from 1990 to 2007 because of…
September 5, 2024
Hurt Pennsylvania’s Workers to Win Pennsylvania’s Votes?
Have populist politics gotten so out of control that politicians believe they need to hurt Pennsylvania’s workers in order to win Pennsylvania’s electoral votes? Yesterday, the Washington Post reported: President Joe Biden is…
June 10, 2024
The Economic World We’ve Lost
Populism has infected both major parties in the United States, leading to policies that previous generations of economic policymakers would immediately recognized as foolhardy and counter-productive. But whether the country…
June 4, 2024
What Comes After Neoliberalism?
The steep tariff increases on Chinese goods that US President Joe Biden’s administration recently announced are just the latest in a long string of interventionist economic policies that fly in…
December 18, 2023
The State of Democratic Capitalism: 2023
How to assess the health of democratic capitalism in the United States? Fundamentally, it is very strong. The marriage of democratic politics and a free-market economy continues to strengthen each,…