By Joel M. Zinberg
By Dan BlumenthalBy , Derek M. Scissors
What’s New on AEI
A historic consumer spending milestone was reached in January when for the first time ever in history, Americans spent more money dining out at restaurants than they spent on food from grocery stores.
In negotiations with Iran, continued beyond two previously proclaimed deadlines, Obama has dropped demands that Iran disassemble centrifuges needed to produce nuclear weapons material.
Billionaire Republican donor and Las Vegas Sands Corporation CEO Sheldon Adelson is spending big to make online gambling illegal because his moral standards compel him. Looking past the ‘moral standards,’ it’s really all about the money.
After six years of economic recession, which has seen Greece’s real GDP reduced by a quarter and its unemployment rate rise to over 25 percent, the Greek public appears to be at the end of its tether with economic policies imposed by the troika of the International Monetary Fund, the European Union, and the European Central Bank, which negotiate in concert the external assistance that they offer to Greece.
Walker is in danger of being the guy known for not having good — or any — answers to tough questions. That’s particularly poisonous for him, given that he is running on leadership and truth-telling.
Given Japan’s importance to Asia’s future path, the following are some of the top questions every presidential candidate should be asked.
Thomas Piketty’s call for wealth redistribution rests on flawed justifications — his notion that the rate of return on capital exceeds economic growth fails to account for risk.
Some of the countries we lionize for their high-achieving and tuition-free higher education systems are successful in part because they do things that many Americans dislike. They track students into different paths and ration access to the most prestigious ones.
| The American
With the full impact of harsh caps on defense spending set to resume next year, Congress has an important opportunity to analyze the merits of the president’s proposed increase and exceed it as necessary to target additional funds towards addressing the military’s readiness crisis. Here’s how policymakers could spend additional funds — up to and beyond the president’s request of $534 billion.
King v. Burwell could be an enormous opportunity for those who want to replace Obamacare with a consumer-driven health reform that would offer flexibility rather than rigidity and encourage the development of a functional and sustainable market for affordable coverage and care. But it will only offer such an opportunity if conservatives are prepared to give the states a serious alternative arrangement.
While 20something marriage has gotten a reputation from parents, peers, and the popular culture for being a bad idea, the evidence suggests many benefits to marrying in your mid-to-late 20s if you find the right person.
| The American
If American political leaders turn the nation’s increased energy production into power, the United States will have good strategic options to deal with any new Chinese challenge. This strength is the safest, best way to persuade China to choose comity over rivalry.
Obamacare forces any slight change in health insurance premiums to become a noisy national political matter. This year the new drug for Hepatitis C is likely to put insurers and the medical industry at odds as premium increases gain political scrutiny.
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.