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September 19, 2023

Senator Tim Scott’s New Plan to Cut Taxes

Senator and Republican presidential candidate Tim Scott (R-SC) released a new economic plan this week. The plan addresses issues such as the national debt, federal spending, trade, and the economy. The plan includes several significant tax policies. His plan focuses on cutting taxes for both individuals and businesses and argues that this would grow the economy. The…

By Kyle Pomerleau

September 18, 2023

Students’ Lack of Basic Knowledge of US History and Civics Remains a National Embarrassment

A new study from a pair of Penn State researchers finds that passing the US Citizenship Test as a high school graduation requirement does nothing to improve youth voter turnout. Within the last decade more than a third of US states have adopted and implemented a version of the “Civics Education Initiative” (CEI), but according to study…

By Robert Pondiscio

September 18, 2023

There’s an Easy Fix That Would Solve Our Housing Crisis: Light Touch Density

We’re living through one of the greatest housing crunches the U.S. has ever known. It’s resulted in record numbers of homelessness and entire generations certain they will never become homeowners, that critical milestone of the middle class. But there is a simple solution to the problem. The answer to our housing crisis is to legalize…

By Ed Pinto

September 18, 2023

Biden’s Latest Student-Loan Plan Is Another Disaster

Late last month, President Biden and his Department of Education announced the launch of the “SAVE” Plan, a reform that expands existing income-driven repayment (IDR) programs to the tune of up to $550 billion. Now, it’s been reported that as many as 4 million borrowers have signed up for the plan, many of them enrolled automatically. Last week, Senator Bill…

By Beth Akers | Joe Pitts

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…

By Michael R. Strain

September 15, 2023

What Does a Good Economy Look Like?

In the past couple of weeks, I’ve written one column arguing that the economic situation for working class America is now better, relative to a decade ago, than some pessimistic populists make it sound, and another arguing that the eating-away at American wages because of inflation explains some important measure of President Biden’s political difficulties. I think both of…

By Ross Douthat

September 15, 2023

Putting This Year’s Poverty Numbers in Context

On Tuesday, the Census Bureau released its latest income and poverty estimates covering calendar year 2022, including two assessments of poverty in America. One, called the Official Poverty Measure (OPM), focuses on earnings and cash-like government benefits, such as Social Security, unemployment, and welfare checks. A second, known as the Supplemental Poverty Measure (SPM), also…

By Matt Weidinger | Scott Winship

September 14, 2023

The Privilege Hiding in Plain Sight

The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind, by Melissa S. Kearney (University of Chicago Press, 240 pp., $25) Imagine you are twelve years old and your public-school teacher asks you and your seventh-grade classmates to stand side by side in a line. The instructor lists a series of personal attributes and…

By Ian Rowe

September 12, 2023

Please, Gen Z Aren’t “Doomed to be the First Generation of Americans Who Will Grow Up with a Lower Standard of Living Than Their Parents”

One could easily fill all the waking hours in the day—and non-waking hours, too!—with pointed responses to all the bad economic opinions expressed on social media. That said, I like to dip in every now and then with a humbly offered counterpoint. This week’s 9/11 anniversary, for example, meant the recycling of this passage from…

By James Pethokoukis

September 5, 2023

Trump’s Tariffs Won’t Address the Trade Deficit

Last month, the Washington Post reported that former president Donald Trump plans to enact a 10 percent tariff on all imports if reelected. After facing sharp criticism, Trump defended his proposal in a letter to the Wall Street Journal. He argued that the trade deficit is a “loss” for the US economy and that his tariffs would be the “best way” to…

By Kyle Pomerleau