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December 20, 2024

Fixing Inflation, Right-Sizing the Federal Government

Thirty years ago next month, Federal Reserve Board Chairman Alan Greenspan testified before a joint session of the House and Senate Budget Committees with talk of deficit reduction in the…

December 17, 2024

Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism

Democratic capitalism is a system that marries liberal democracy and free-market capitalism. This union creates tensions, and requires balancing competing aims. But this tension is healthy, not destructive — provided…

December 12, 2024

Senate Special Committee on Aging Hearing on Empowering People with Disabilities to Live, Work, Learn, and Thrive

Introduction: Chairman Casey, Ranking Member Braun and members of the committee, thank you for the opportunity to testify on the critical issues facing aging and disabled members of the American…

December 5, 2024

More High-Skill Immigration Is Popular. Let’s Act on That

This might be one of the most underappreciated facts of American public opinion: As controversial as the subject of immigration is, high-skill immigration isn’t controversial at all. A Pew Research…

December 5, 2024

Inflation Reduction Act Offers a General Lesson against Industrial Policy

With President Trump’s stunning return to power, Congress has the opportunity in 2025 to enact additional business tax cuts. One of their specific goals should be to make “full expensing”…

December 2, 2024

Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation

Abstract We document a Kuznets curve for construction productivity in 20th-century America. Homes built per construction worker remained stagnant between 1900 and 1940, boomed after World War II, and then…

November 27, 2024

Finally, a Win for Working Men

Since the 1970s, working men, particularly those without college degrees, have experienced lower employment rates, increased social isolation and growing health risks. Today, we are starting to see early signs that…

November 25, 2024

Don’t Write Off Workforce Pell Grants

Education Secretary nominee Linda McMahon, a former administrator of the Small Business Administration, is a proponent of expanding Pell Grants to short-term workforce education programs. In a September op-ed, McMahon boosted…

November 21, 2024

Artificial Intelligence and the Future of Work

Summary Advances in artificial intelligence (AI) promise to improve productivity significantly, but there are many questions about how AI could affect jobs and workers. Recent technical innovations have driven the…

November 19, 2024

A Trump Boom?

Donald Trump’s stunning and decisive return to power makes it official: We live in the Age of Trump. The 2008 global financial crisis was a turning point in history, and…