By Peter J. Wallison
By Timothy P. Carney
By Mackenzie Eaglen
What’s New on AEI
The wave of recent retirements, along with the changing composition of US households, have coincided with the decline in US median household income.
Bill Frenzel may not be the last of a breed. But the numbers like him are vastly diminished, and those with his personal and public qualities are rare at any time.
President Obama’s proposed unilateral action on immigration is yet another step on the path to an imperial executive office in America.
America always needs high-skilled immigrants. And we don’t need to tie them to an employer. Despite all the taxes and regulations, this is still a free enterprise system; let them make their own way.
In a letter to the editor of the Financial Times, Desmond Lachman outlines the risks of Japan further delaying fiscal consolidation.
Even if under a Republican Congress the CBO is to complement its existing analysis with other methods — more transparency, “macrodynamic scoring” — then who better than Dr. Elmendorf to lead the effort?
| The American
Federal policy often tilts the playing field, picks winners and losers, and rewards well-connected insiders, contributing to the public perception that the ‘game’ is rigged and harming economic growth. AEI scholars have identified a few policy changes that lawmakers can pursue if they want to combat cronyism and corporate welfare.
Decency and decorum can be liberating. They inconvenience everyone - a little - but they also free us from worrying about who we might offend or why.
It’s one thing for Americans to suspect that their president lies to them. It’s quite another to hear a key Obama adviser boast of it.
| The American
There is an emerging bipartisan consensus that Congress must overturn the entire Budget Control Act and not just sequestration. In the near term, the president and the military have outlined priorities on which Congress can take immediate action.
In his recent Title II announcement, President Obama failed to hold accountable all players in the Internet ecosystem. Here, Roslyn Layton explains the implications of such a discrepancy.
The HHS has lowered its expected 2015 enrollment to 9 million from 9.9 million lives. An earlier estimate from the Congressional Budget Office pegged that figure at 13 million. Is the HHS trying to lower enrollment expectations in the hopes of obscuring future failures?
China is forcing a response by the United States to regain its primacy. But the US has not demonstrated the political wherewithal to resource its response.
The exit poll consortium of five news networks and the Associated Press reported that health care ranked second behind the economy of the four issues voters said were the most important facing the country.
Republicans have been largely shut out of the health care policymaking business for the past six years. That will change modestly in 2015 as the party takes control of the Senate. But Republicans must be realistic about what they can do while President Obama remains in office. What the GOP can and should do is agree on where it wants to go, and begin to make progress toward that goal.
The Fed’s decision to end the QE purchases was easy. The harder decision – when to raise the funds rate – lies ahead. Could the data provide a compelling case by June in favor of tightening given the risk of making a policy mistake that would be difficult to reverse? It’s possible, but not likely.
Better student outcomes data would not cure every market distortion created by government’s involvement in higher education. But it would help consumers’ market discipline. And a more competitive market would actually reduce government intervention in the sector.
Though the Federal Reserve now publishes the Federal Reserve Board members’ forecasts for the future path of a key Fed-set interest rate, historically, these Fed forecasts have not predicted the rate especially well. This suggests that the Fed’s new push towards transparency should be met with at least some measure of skepticism.
Much of what we hear about the plight of American women is false. Some faux facts have been repeated so often they are almost beyond the reach of critical analysis. Though they are baseless, these canards have become the foundation of Congressional debates, the inspiration for new legislation and the focus of college programs.