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February 7, 2024
The Past and Future of Education Reform
When the French statesman Charles-Maurice de Talleyrand was asked for his thoughts on the Bourbon royal family in exile, he replied, “Ils n’ont rien appris, ni rien oublié.” They have learned nothing, and forgotten nothing. The Bourbons hadn’t learned the lessons of the French Revolution or grasped what it revealed about their nation. Worse, they carried…
February 7, 2024
To Save Local Journalism, Update The Public Broadcasting Act
During his time as the U.S. ambassador to France, Thomas Jefferson wrote that if he faced a choice between “a government without newspapers or newspapers without a government, I should not hesitate a moment to prefer the latter.” Jefferson would be disappointed with today’s trends. Increasingly, we are seeing government without newspapers, especially at the local level, where…
February 6, 2024
NYCHA Corruption Means It’s Time To Privatize
We already knew the New York City Housing Authority is the city’s biggest slumlord. Now we’re reminded it’s a corrupt slumlord. Just five years after a federal court found its employees had lied about a vital public-health matter — conducting lead-paint inspections of apartments — we learn NYCHA supervisors solicited bribes in exchange for no-bid repair contracts. US Attorney…
February 6, 2024
Research by a Top Biden Administration Economist Reinforces the Importance of Work Incentives in the Child Tax Credit and the Safety Net
For the past two years, economist Jacob Bastian has been the main researcher dedicated to trumpeting the virtues of a child tax credit (CTC) expansion. Writing first as an economist from academic perches at Rutgers and Princeton, later as an affiliate of moderate think tanks like the Niskanen Center and the R Street Institute, and…
February 5, 2024
Why We All Rely On the Organized Kindness of Strangers
Our church caught fire [i] a few weeks ago. The pastor and a few other leaders had just gotten out of a Monday night meeting when they found the sanctuary was filled with smoke and the entrance to the church was covered in flames. Fortunately, firefighters[ii] responded to the immediate 911 calls and saved the…
February 5, 2024
The Biden Administration’s War on Flexibility at Work
One of the signal errors of Biden administration policy has been its tendency to take regulatory actions that reduce the flexibility of the economy generally and the labor market in particular. The latest example of this problem is a new US Department of Labor rule aimed at reclassifying millions of “gig” workers—people who work in contract roles—as employees. The…
February 2, 2024
Has Intergenerational Progress Stalled? Income Growth over Five Generations of Americans
Abstract We find that each of the past four generations of Americans was better off than the previous one, using a post-tax, post-transfer income measure constructed annually from 1963-2022 based on the Current Population Survey Annual Social and Economic Supplement. At age 36–40, Millennials had a real median household income that was 18 percent higher…
January 31, 2024
How Should State and Local Governments Respond to Illegal Retail Cannabis?
Introduction Legal cannabis has become a fact of life in much of the United States. The District of Columbia and 24 states now permit the sale of recreational marijuana; they, and 14 additional states, also permit marijuana sale for supposedly medical purposes. Of course, the Food and Drug Administration has not actually approved marijuana for…
January 31, 2024
The Wyden-Smith Child Tax Credit and Work: Responding to Critics
The Wyden-Smith tax bill under consideration in the House has rekindled a debate about the Child Tax Credit (CTC) and work incentives. We, along with our colleagues, Angela Rachidi and Matt Weidinger, recently released an analysis of the incentives built into one overlooked feature of the CTC reforms proposed in the bill—the so-called “look-back” provision….
January 31, 2024
Perspective: The ‘social workplace’ and why it matters to Zoomers
Social connections are increasingly as important as pay to younger workers. A mission-led workplace can help In his 1759 book “The Theory of Moral Sentiments,” Adam Smith observed that human sociality is the taproot of economics. The instinct to “truck, barter and exchange,” Smith argued, arises out of our need for others and is the…