What’s New on AEI
Two contrasting views on Uber and what that tells us about trusting the invisible hand of the market versus trusting the heavy hand of the government.
Kevin Hassett constructs a simple regression model that estimates the effect of the incumbent governor on state employment growth. The results cast an interesting perspective on the job-creation track records of the current and former governors who are now competing for the GOP nomination.
Hillary Clinton can’t stick to a consistent line on the rather more central issue of the U.S. economy. It is leading to odd tonal shifts in her campaign, and to some foolish policy choices, too.
America’s two major political parties have a difficult task: amassing a 51 percent coalition in a nation that has always been — not just now, but from the beginning — regionally, religiously, racially and ethnically diverse.
Only when Beijing understands that it cannot cross certain lines will its actions change. Otherwise, our own weakness may wind up thrusting us into a crisis where we feel we must act aggressively.
India could learn a thing or two from Prime Minister David Cameron’s remarkable speech on how to address a sensitive subject without either flinching from the truth or carelessly tarring an entire community.
If Greece had its own currency it would have been able to deal with the Great Recession and its current crisis through devaluation, making its exports more competitive, and through looser monetary policy than the European Central Bank enacted.
Futurists think that traditional colleges are doomed. I think that many institutions can adapt to these new challenges, but only if they’re willing to question the structures and routines that too often go unquestioned.
The claim that mortgage credit is very tight for all but pristine borrowers has been repeated so often by respected policymakers and economists that it is now taken as fact. This characterization of today’s mortgage market, however, is misleading.