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November 21, 2023
Defining Poverty Up
…(which he opposed) contributed to rapid improvements in crime rates and welfare dependence. By 1997, columnist Michael Barone credibly argued that, of gains on both fronts, “The Good News Is…
November 13, 2023
The Jobless AI Future Is Still a Long Way Off
Tech billionaire Elon Musk recently prophesied that there “will come a point where no job is needed,” owing to advances in artificial intelligence. But the fear that AI will cause…
October 31, 2023
It Takes Two
…family stability. Other research focusing on cultural change dates the shift in norms closer to the 1960s. Economists George A. Akerlof, Janet L. Yellen, and Michael L. Katz argue that the availability…
October 17, 2023
What Poor Children Need
When it comes to helping poor children in America grow up to enjoy successful adult lives, progressives and conservatives each have half the truth on their side. There is strong…
October 12, 2023
The GOP Should Be the Party of Parents
…Garnett and Michael Q. McShane recently noted in these pages (“The School-Choice Moment,” August 28), legislative sessions in 2023 alone saw significant educational-choice bills passed in Iowa, Utah, Arkansas, Florida,…
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…
August 21, 2023
Four Shocking Truths about the American Economy! (Well, Shocking to Some.)
…productivity growth and wage growth: “The Link Between Productivity and Wages Is Strong” by Michael R. Strain But this next chart tells a radically different story about productivity and pay,…
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…
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…
November 16, 2021
The Changing Face of Social Breakdown
…our capacity to restrain and govern our most intense longings. Human beings are moved by passionate desires for things like pleasure, status, wealth, and power. But these intense desires can…