May 23, 2023
Biden Courts Another Mortgage Crisis
The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration’s other…
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 –…
August 30, 2022
Biden’s Student Loan Debt Plan is Driven by Politics, Not Economics
On Wednesday, President Biden announced his long-awaited plan to cancel student loans — effectively wiping away up to $10,000 for borrowers with individual income below $125,000 (and couples with joint income below $250,000). The administration’s plan forgives up to $20,000 for Pell Grant recipients under the same income limits. The move, which will cost taxpayers…
June 15, 2022
Second Time’s the Charm?
Early last year, Senator Mitt Romney proposed a new approach to family policy that exposed some significant rifts among right-leaning policy wonks who care about fighting poverty and supporting family formation. This week, Romney (together with fellow Republicans Richard Burr and Steve Daines) has offered a revised version of the idea that might just have what it takes…
November 16, 2021
The Changing Face of Social Breakdown
Last month, two of my colleagues at the American Enterprise Institute (Brad Wilcox and Lyman Stone), along with co-authors from the Wheatley Foundation and the Institute for Family Studies, published an important new paper on the state of family formation in the wake of the Covid-19 pandemic. It’s a fascinating study, well worth your while, which reviews…