| The Hill
Without Merkel effectively at the helm, there is the all-too-real danger that Europe will lack the political will to provide Italy with sufficient financial support to keep that country in the euro.
While our understanding of the effects of tax policy changes is limited, there are at least three ideas here that I think most economists would agree on.
Giving thanks for kaleidoscopic market energy, the invisible hand of strangers (‘market benefactors’) and no turkey czars
Here’s something to give thanks for on Thanksgiving: the thousands of strangers who were led by the “invisible hand” of the market over the last several months to act as your “market benefactors” and make sure your affordable holiday feast was possible once again this year.
This year, avoiding politics just ain’t gonna happen. Your Baby Boomer aunts will be despondent. The glass ceiling was supposed to shatter this year. Cousin Trevor, who has been marching against Trump since Election Day, is even bringing the girlfriend he met at a Bernie rally in Oakland. Trump will come up. You need to know how to handle it.
Russia was using its money to influence both sides in order to advance the Kremlin’s interests. Any full and impartial investigation needs to follow the Russian money flowing into the coffers of the Clintons, their foundation and their top associates.
The major point of agreement among Trump’s conservative critics is an important one: They think that he doesn’t have the character to lead the country well. But that agreement is not a substitute for having a clear and unified sense of where they want the Republican Party, and the country, to go.
Republicans are right to ignore, for now, the potential effects of the pay-as-you-go act on their tax legislation, as they had no role in the enactment of the law in the first place and can fix the problem later.
President Trump laid out an inspiring vision for the future of Korea and a comprehensive outline to compete with China. But there are many potential pitfalls and minefields along the way—and the hard work of translating visions and aspirations into to concrete plans and policies has just begun.
In setting goals under the Every Student Succeeds Act (ESSA), states have paid heed to the chorus of self-proclaimed reformers urging them to ensure that plans be “ambitious.” This has resulted in a curious quandary: The problem with the plans is not a lack of ambition but the feckless embrace of it.
Trump believes that every country should follow its own narrow self-interest. That’s a defensible position. The only problem is that Russia’s — or at least Putin’s — definition of self-interest is at war with ours.
The FCC is on its way to restoring a deregulatory framework for the internet, but problematically, a number of states have vowed to adopt Obama-era internet policies.
Simply living near college graduates raises the wages of less-educated workers. Companies located near research universities generate more patents and spend more on research and development. Cities with more human capital are better able to adapt to economic shocks. Why tax the income that helps makes this possible?
A Democrat sweep in 2018 isn’t inevitable, but the results in 2017 do put more burden on Republicans already facing the usual headwinds that hit the president’s party as midterms approach.
Most of all, the TPP-11 is a bet that someday the US will shed its benighted trade aggression and once again take leadership in an Asian regional architecture that fosters open trade and investment.
Republicans owe much of their electoral dominance to the fact that election years 2010 and 2014 were very favorable to their party. There is no guarantee that that will be the case in 2018, and some indications that it may be the opposite.
To better serve personnel and readiness, the Pentagon should shutter its personnel and readiness shop
To improve the military’s personnel policies and readiness reporting, eliminate the under secretary of defense for personnel and readiness and move its most critical functions elsewhere.
Federal Reserve Governor Jay Powell, just nominated by President Trump to be the next Fed Chairman, came to AEI this past July to stress that reform of the housing finance system is long past due.
Given our poisonous political atmosphere, many will view even a sane and necessary reform as illegitimate. In their zeal to oppose all things Trump, liberal political leaders and college administrators may abandon a generation of students to what DeVos rightly called a “failed system.”
The problem with the progressive approach to poverty is that it denies the importance of culture and character to household prosperity—especially when it comes to marriage. Until the Left faces up to these hard truths, its fight to end poverty in America is unserious.