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…
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…
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…
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…
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…
September 1, 2023
Paying People to Have Kids Can Only Do So Much When You’re in a Spiraling Baby Bust
“Frankly, whenever elections come up politicians tend to unveil grand measures aimed at resolving the birthrate issue,” Choi Seul-ki, a demographer in South Korea, told the Wall Street Journal. “But cash is a limited incentive in changing people’s outlook on life.” Indeed, South Korea has spent more than $210 billion in the past decade in an effort to…
August 21, 2023
Four Shocking Truths about the American Economy! (Well, Shocking to Some.)
I recently wrote a brief essay, “Generative AI and Economic Growth,” for Exponential View, the great newsletter by Azeem Azhar. And I knew one particular passage would be sure to raise eyebrows: A lengthy and fundamentally solid expansion would allow the economic progress of the pre-pandemic period — falling inequality, rising real wages across the income…
August 10, 2023
The Real Reason People Leave Religion
More than a decade ago, the Pew Research Center released a path-breaking study on people without religion: “Nones” on the Rise. At the time, I was in graduate school studying political science and working full-time as a pollster. Partly inspired by this work, I wrote my dissertation exploring why people leave religion: “And Then There Were Nones:…
July 18, 2023
The Great Recession, COVID-19, Interest Hikes Left a 15-Year Mark on Housing
How have the Great Recession in 2007, the COVID-19 pandemic that hit in 2020, and the Federal Reserve’s interest rate hikes that started in 2022 affected mortgages in the region? Here’s the short answer: Each year, researchers at George Washington University use the State of the Capital Region report to do a deep dive on a policy…
June 30, 2023
The U.S. Could Learn a Lot from This School in the U.K.
Last month, I took advantage of a trip to the U.K. to spend a day observing at London’s legendary Michaela School, which serves about 800 students ages eleven to 18, a short distance from Wembley Stadium. Katharine Birbalsingh, who has gained fame in her country (some say infamy) as “Britain’s strictest headmistress,” invited me for an entire day…