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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…

September 3, 2024

Event: New Census Data on American Families’ Economic Well-Being

On September 10, the United States Census Bureau will release what is arguably 2024’s most important economic data. We will learn for the first time whether families’ economic well-being improved…

June 10, 2024

Employment and Labor Supply Responses to the Child Tax Credit Expansion: Theory and Evidence

Abstract The 2021 Child Tax Credit (CTC) expansion increased government benefits to families, and especially to families with the lowest incomes. Economic theory predicts that this policy intervention would have…

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…

May 13, 2024

The American Dream Is Alive and Well (and the Problem of US Inequality Greatly Exaggerated)

Don’t listen to the populist naysayers: The U.S. economy continues to deliver jobs, higher wages and upward mobility for those who need it most. What do former President Trump and Bernie Sanders have…

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,…

November 14, 2023

Forget the Economics of Grievance

Introduction Donald Trump’s ascendancy has inflicted many changes on the right, including substantially altering its posture on economic issues.1 Where this blend of economic nationalism and conservative populism has been tried,…

September 23, 2023

Did Pandemic Unemployment Benefits Increase Unemployment? Evidence from Early State-level Expirations

Abstract During the 2021 pandemic year, the generosity of Unemployment Insurance benefits was expanded (Federal Pandemic Unemployment Compensation [FPUC]) and eligibility for benefits was broadened (Pandemic Unemployment Assistance [PUA]). These…

September 15, 2023

Why Industrial Policy Fails

With Democrats and Republicans alike supporting a shift from free markets toward government planning, the United States has clearly entered a new era of economic policymaking. Yet all the reasons…