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February 12, 2024

Millennials Are Doing Better than You Probably Think

“Each generation is worse off than the one before.” It’s one of the primary tenets of the notion that American capitalism has failed and that we live in the final…

January 12, 2024

When It Comes to the State of the American Economy, Let’s Keep It Real

Here we go again. An oft-repeated economic claim on social media is that most Americans lack the means to cover a $400 emergency expense. More evidence that most of us…

January 2, 2024

Billionaire-Built Cities Would Be Better Than Nothing

…the high-water mark of racial segregation, a private developer named James Rouse planned an integrated city in nearby Columbia, Md. Columbia is not perfect, but it remains racially diverse, and according to data…

December 8, 2023

Biden’s Even Worse Version of “Free College”

The Biden administration has abolished the federal student-loan program, at least if a “student-loan program” is one in which students borrow money and then eventually repay it. What’s being erected…

November 30, 2023

Evaluating the Success of the War on Poverty Since 1963 Using an Absolute Full-Income Poverty Measure

Abstract We evaluate progress in the War on Poverty as President Lyndon B. Johnson defined it, which established a 20% baseline poverty rate and adopted an absolute standard. While the…

November 30, 2023

A Valuable New Perspective on America’s War on Poverty

…an Absolute Full-Income Poverty Measure” by Richard V. Burkhauser (Cornell University), Kevin Corinth (University of Chicago), James Elwell (Joint Committee on Taxation), and Jeff Larrimore (Federal Reserve Board). They try…

November 30, 2023

Evaluating the Success of the War on Poverty since 1963 Using an Absolute Full-Income Poverty Measure

Abstract We evaluate progress in the War on Poverty as President Lyndon B. Johnson defined it, which established a 20% baseline poverty rate and adopted an absolute standard. While the…

October 31, 2023

It Takes Two

…matter. Furthermore, somewhat undermining her case, Kearney notes that research by Nobel laureate James Heckman has found that Denmark’s more expansive welfare state does not appear to translate into higher…

October 27, 2023

What Happened to the American Dream?

…from medicine to nuclear power. The recent book by the Reaganite economic writer Jim Pethokoukis, “The Conservative Futurist,” makes an extended version of this argument, tracing our era of stagnation…

September 21, 2023

The Two-Parent Advantage

…and the educational, social, and economic welfare of America’s children. For instance, a new report from the Institute for Family Studies by Wendy Wang, Spencer James, Thomas Murray, and me shows that the…