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April 23, 2025
In Case of Emergency, Open Block Grant: Part 1
Congress’s efforts to produce “one big, beautiful bill” that reflects President Donald Trump’s tax and spending priorities is about to kick into high gear as the House and Senate turn to crafting their respective reconciliation bills. Yet one key source of contention between House and Senate Republicans remains the amount of mandatory savings included in…
April 21, 2025
The City That’s Always Working
Among the sectors of the US economy most exposed to AI-driven automation is finance. This is unsurprising given that banking and financial advising are massive knowledge management operations, constantly scanning the globe—like the Eye of Sauron—for opportunities and risks. One of the main applications of AI in the finance sector is helping firms understand themselves,…
April 19, 2025
Workplace Segregation between College and Non-College Workers
Abstract We measure the level and growth of education segregation in American workplaces from 2000 to 2020. American workplaces show an educational segregation, measured by the degree to which the establishment has mostly workers of similar education levels, that is comparable to racial residential segregation in a typical metro area. Workplace isolation was particularly high…
April 19, 2025
Asylum Seekers and the Rise in Homelessness
Abstract Data from the Department of Housing and Urban Development (HUD) indicate an unprecedented 43 percent increase in the number of people residing in homeless shelters in the United States between 2022 and 2024, reversing the gradual decline over the preceding sixteen years. Three-quarters of this rise was concentrated in four localities – New York…
April 17, 2025
Turn Public Service Loan Forgiveness into a State Block Grant
As Congress negotiates a bill to overhaul the federal budget, lawmakers looking to save money should note $30 billion in potential savings hiding in plain sight. The Public Service Loan Forgiveness (PSLF) program, which fully discharges the student loans of borrowers who work for the government or a nonprofit for 10 years, is one of…
April 15, 2025
Is There Really Pent-Up Demand for Ten Times the Manufacturing Jobs We Have?
Data analysis is hard. Admittedly, the consequences of getting it wrong are less severe than a botched surgery. But you still want to be very careful. It’s all too easy for a misinterpretation of the facts to harm important policy debates. For an example, look no further than the debate over the past couple of…
April 15, 2025
Utah Hands Parents the Keys to the App Store
Two devoted Utah parents experienced the unthinkable in 2022: They lost their 14-year-old son—a warm, football-loving boy—to suicide. In the painful days that followed, as they searched for answers, they discovered something chilling. Despite their best efforts to set up parental controls and screen time limits, their son had been relentlessly fed pro-suicide content by…
April 11, 2025
How The Trump Administration Can Address The Student Loan Nonpayment Crisis
After the federal government suspended student loan repayment for four and a half years, payments are finally due again—yet less than half of borrowers are repaying their debts on time. These high rates of student loan nonpayment threaten to ruin many borrowers’ credit records and send millions into default. Low student loan receipts could also cost taxpayers…
April 9, 2025
Measuring and Building Human Leadership in an AI World
A new working paper from the National Bureau of Economic Research, Measuring Human Leadership Skills With AI Agents, presents evidence that artificial intelligence may soon play a central role in evaluating human soft skills—long considered too complex and subjective to measure objectively. Conducted by Ben Weidmann and David Deming et al. at the Harvard Kennedy School,…
April 9, 2025
Trump’s Tariff Formula Is Still Wrong. Maybe That’s Why No One Will Admit They Created It.
Last Friday, we showed that the Trump Administration’s tariff formula contained an error that made its calculated tariffs up to four times too large. The entire premise of the administration’s approach—that a country’s tariff and non-tariff trade barriers can be derived solely from the bilateral trade balance with that country, and that the goal of…