What’s New on AEI
Five years ago, the BP oil spill captured the nation’s attention. Immediately after the spill, in a Pew Research Center poll from late May 2010, 55% of Americans said they were following the story very closely and another 26% fairly closely.
In early observance of Earth Day, some educational wit and wisdom from George Carlin on ‘saving the planet’
To observe Global Citizen 2015 Earth Day on April 22, I’ll be featuring a series of posts this week about environmental issues, starting with some educational comedy from George Carlin on “Saving the Planet.”
Wages are (largely) determined by the market, and government assistance — funded by taxpayers — is used to help low-income families meet a baseline standard of living. That some low-wage workers receive government assistance isn’t a bug in the system; it’s a feature.
Clinton’s support for the war underscores a real vulnerability. Unlike her probable opponents, she’s truly a creature of yesterday’s battles.
The Clintons’ games highlight how the tax fails at its aims of preventing the inheritance of wealth and privilege. Instead, the tax forces the wealthy to play games to pass on their wealth. These games don’t add to the economy, they just enrich the estate-planning industry.
| The Hill
The European Central Bank stands to suffer severe losses on its balance sheet should Greece default on its debt. The political fallout from such an event could limit the ECB’s role as lender of last resort just when Europe would need it most.
The Gruber Doctrine is based on the premise that “lack of transparency is a huge political advantage” and that the “basic exploitation of the lack of … understanding of the American voter” is “really, really critical” for enacting one’s preferred policies. That is precisely what President Obama is doing when it comes to Iran and Cuba.
If it is progress against poverty that we’re pursuing, trade beats the pants off every fancy development program ever devised. The simple mundane beauty of making things and exchanging them freely is the best anti-poverty achievement in history.
Traditional higher education is running headlong into a deepening crisis, one where consumers increasingly feel trapped and desperate for an alternative. The future of learning must include more than open online courses.
America’s allies joined the China-led bank because there is currently no alternative to Beijing’s new plans, and they want to be part of the 21st century Asian economy.
Marriage has a transformative effect on adult behavior, emotional health, and financial well-being—particularly for men.
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.