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August 1, 2025

Trump’s tariff deadline: Six experts weigh in

Trump’s trade deals have been surprising in their one-sidedness, in favor of the United States. The president’s supporters have painted this in a positive light. But it likely reflects two…

July 2, 2025

Have You Heard the Good News?

A quick look at some recent headlines shows that we have problems. The nation sharply and angrily divided along political lines. Rioters in the streets of Los Angeles. A destructive…

April 3, 2025

Trump’s Tariffs Are a Historic Tax Hike

If implemented, the tariffs announced yesterday by President Trump would constitute the largest tax increase since the 1968 levies to fund the Vietnam War. The details will matter, but my back-of-the-envelope calculation…

December 17, 2024

Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism

Democratic capitalism is a system that marries liberal democracy and free-market capitalism. This union creates tensions, and requires balancing competing aims. But this tension is healthy, not destructive — provided…

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 18, 2024

Harris and Trump Are Equally Silent on the Expanding US Debt

Donald Trump and Kamala Harris seem to agree that one of the nation’s most important challenges should remain unaddressed — a problem that has been slowly eroding the foundations of…

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?

…https://twitter.com/MichaelRStrain/status/1846187710563623000 But why should the U.S. wish our economic policy to be more like China’s? From my AESG paper: China’s central planning will not be remembered as a long-term success. It…