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October 17, 2023

What Poor Children Need

When it comes to helping poor children in America grow up to enjoy successful adult lives, progressives and conservatives each have half the truth on their side. There is strong evidence to support both broad public spending programs and policies designed to encourage personal responsibility and stable households. What is the best way to help…

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 two programs were set to expire in September 2021. In June 2021, 18 states exited both FPUC and PUA and three states exited FPUC (but…

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 why such strategies generally fail to make good on politicians’ promises are as valid as ever. WASHINGTON, DC – Industrial policy is all the rage…

January 5, 2023

Defending the American Dream with Michael Strain

Our interview this week is with the American Enterprise Institute’s Michael Strain. Michael is the author of The American Dream Is Not Dead: (But Populism Could Kill It), and we talk about how real blue-collar wages in America have not been stagnant for decades, despite what you might have heard.

December 15, 2022

The Myth of Income Stagnation

According to the conventional wisdom, income stagnation and inequality are large and growing threats to broad-based prosperity in the United States. Many economists, journalists, business leaders, and elected leaders (from both parties) believe that for a large share of households, real (inflation-adjusted) income has not increased for decades, and that income inequality – the gap between higher- and lower-income households –…

September 19, 2022

Men Without Work in the Post-Pandemic Era

Event Summary On September 19, Harvard University’s Lawrence Summers and AEI’s Michael Strain joined AEI’s Nicholas Eberstadt to discuss the new edition of Mr. Eberstadt’s book, Men Without Work: Post-Pandemic Edition (Templeton Press, 2022). Mr. Eberstadt began by describing the decades-long flight from work by prime-age (25–54) men and the broadening of that trend to other demographics…

February 27, 2020

The American Dream Is Not Dead: A Book Event with Michael R. Strain

Event Summary On Thursday, AEI’s Michael R. Strain presented an overview of his book “The American Dream Is Not Dead: (But Populism Could Kill It)” (Templeton Press, 2020). In his opening presentation, Dr. Strain emphasized that the American dream still remains available to Americans despite populist agitations that suggest the opposite. In making his case,…