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November 7, 2024
Introducing the “More Accurate Consumer Price Index”
…2023, and the superior Personal Consumption Expenditures price index (PCEPI) indicates a rise of 30 percent, using the MACPI, wages rose by 61.5 percent. The median wage of prime-age male…
November 4, 2024
Again, Tariffs Didn’t Make American Manufacturing Great
…that America “in the 1890s was probably the wealthiest it ever was” because of its tariff system. First, per capita GDP is, conservatively, seven times higher today than in 1900. That Trumpian…
October 15, 2024
Why Should the US Wish to Be More Like China?
…works because their economy is embedded in an authoritarian state with a compliant industrial sector. Rather than uniting our allies, the protectionist policies of the Trump and Biden administrations have…
October 10, 2024
Do Liberal Arts Colleges Pay Off? What the Data Say
…median return on investment of $889,000, compared to $652,000 for students who study the same subject at other colleges—a gap of $236,000. Economics majors at liberal arts colleges outperform their…
October 9, 2024
Learning the Right Lessons from the “China Shock”
…the extent that adverse effects on import-competing workers created Keynesian aggregate-demand reductions, post-2007 economic slack was a major contributor. The paper is well titled: “Protectionism is Failing and Wrongheaded: An…
September 20, 2024
Don’t Believe the Doomsayers. The American Dream Is Still In Reach for Young People
The American dream is still alive and can be achieved in just one generation, even among the most economically disadvantaged young people. That finding is among the most promising takeaways…
September 11, 2024
Doing Right by Kids: A Book Event
…the Safety Net Panelists: Kay S. Hymowitz, William E. Simon Fellow, Manhattan Institute Matt Weidinger, Rowe Scholar, American Enterprise Institute Brad Wilcox, Nonresident Senior Fellow, American Enterprise Institute Moderator: Kevin…
September 10, 2024
America is Still Working
…are the average across people of (weeks worked last year * usual hours per week worked last year). The estimates are for the civilian noninstitutionalized population of Americans aged 16…
September 10, 2024
Event: New Census Data on American Families’ Economic Well-Being
…AEI’s Kevin Corinth began by summarizing the data’s main findings. Median household income rose, and the official poverty measure (OPM) showed that poverty declined while the supplemental poverty measure (SPM)…
September 4, 2024
Kamala Harris’s Housing Plan Would Be Worse Than Doing Nothing
…buyers typically make a median down payment of around $10,500, or 3 percent of the home price. We estimate that even without the Harris proposal, 3 million of its recipients…