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The authors argue that the pattern of multifactor productivity (MFP) growth across industries may presage a second wave of productivity advance supported by the digital economy.

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AEI white paper examines the numbers behind President Donald Trump’s first defense budget and shows why President Trump’s request does not bode well for his promised military buildup.

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The threat of transnational organized crime in the Americas requires greater focus and investment from policymakers to effectively combat illicit trafficking networks, corrupt government officials, gang activity and violence, and the growing presence of hostile extra-regional actors such as Iran and its proxy, Hezbollah.

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President Trump’s defense budget would repair, not rebuild, the military. It continues a favored Washington tradition of investing in the immediate and long term while shortchanging the next three to 15 years. This “barbell” investment strategy emphasizes the conflicts of today and the wars of the distant future, while discounting the long bar of the medium term, wherein most strategic and military risk lies.

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Needed is an effort to not only reduce and streamline existing rules and requirements, but to reform the processes by which such requirements become policy.

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What’s needed is an agenda to promote innovation in post-secondary education by freeing leaders at existing institutions to develop new models of teaching and learning; expanding access and raising the profile of nontraditional options like apprenticeships; and creating space for students to choose innovative options that promote student learning.

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While there are opportunities to enhance transparency, it is important to place clear restrictions on what federal regulators can use such data for, to make sure these efforts are designed to serve a specific audience and to protect students’ privacy.

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Students are paying more for an education and are less likely to graduate. The federal government can do better for students and taxpayers.

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Studies of financial aid suggest that an additional $1,000 in grant aid boosts college enrollment by around 4 percentage points. However, the effect of Pell Grants on persistence and completion is less clear.

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Policymakers should push for reforms to the federal student-loan program that aim to simplify federal loan programs and repayment options, and make the programs operate more rationally and efficiently.

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