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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…

October 18, 2024

Harris and Trump Are Equally Silent on the Expanding US Debt

Donald Trump and Kamala Harris seem to agree that one of the nation’s most important challenges should remain unaddressed — a problem that has been slowly eroding the foundations of…

October 17, 2024

Harris’ Tax Plans Would Reduce Long-Term Prosperity. Trump’s Proposals Might Be Even Worse.

AEI Scholar and Director of Economic Policy Studies Michael R. Strain contributed to the Dispatch’s Symposium titled Economic Policy Experts: Doom, Thy Name Is Populism, as a group of experts outlined…

October 9, 2024

Learning the Right Lessons from the “China Shock”

https://twitter.com/MichaelRStrain/status/1844047782505808245 An influential 2013 paper by economists David Autor, David Dorn, and Gordon Hanson finds an average reduction in manufacturing employment of 90,000 jobs per year from 1990 to 2007 because of…

October 3, 2024

The New “Old Girls Network” in the American Workplace

…compared to the successes of college-educated women. This gulf in workplace experiences follows the pattern of strained gender relations in other areas of American life, culture, and politics. These differences…

October 3, 2024

Protectionism is Failing and Wrongheaded: An Evaluation of the Post-2017 Shift toward Trade Wars and Industrial Policy

Abstract The Trump–Pence and Biden–Harris administrations enthusiastically embraced protectionism. Each administration explicitly argued for a break from the bipartisan consensus of recent decades that has been generally supportive of free…

September 23, 2024

Toward a Potential Grand Bargain for the Nation

The views expressed in this report are those of the individual authors who collectively constitute the Grand Bargain Committee, co-chaired by Michael R. Strain and Isabel V. Sawhill. This report…

September 10, 2024

America is Still Working

…Capital Project SCP Report No. 3-20, 2020, https://www.jec.senate.gov/public/index.cfm/republicans/2020/7/the-demise-of-the-happy-two-parent-home. [29] George A. Akerlof, Janet L. Yellen, and Michael L. Katz, “An Analysis of Out-of-Wedlock Childbearing in the United States,” Quarterly Journal…

September 10, 2024

Event: New Census Data on American Families’ Economic Well-Being

…time since 2003. AEI’s Michael R. Strain described how 2023 marks a year of recovery and improvement, made possible by the Federal Reserve’s successful efforts to get inflation under control…

August 2, 2024

Democrats’ Automatic Stimulus Proposals Undermine the Administration’s “Strongest Economy” Claims

…all governed by the Sahm rule. And last fall Senate Finance Committee Chairman Ron Wyden (D-OR), accompanied by Bernie Sanders (I-VT), Elizabeth Warren (D-MA), Michael Bennet (D-CO), and Sherrod Brown…