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The Child Tax Credit is a tax benefit available to many American families for the purpose of reducing their federal income tax liability. It’s specifically designed to help offset the cost of raising children. The CTC of today, however, differs
Generation after generation seem to pine for “the good old days,” an elusive time when many of us think morals, institutions, and the quality of life, in general, were higher. Americans are no exception to this rule, but there’s something uniqu
Medicare is a trillion-dollar federal health insurance program designed to meet the medical needs of senior citizens and Americans with disabilities. Yet, despite its staggering amount of funding, Medicare is far from a perfect system. Here on
Milton Friedman was one of the most influential economists of the 20th century, right alongside John Maynard Keynes. His work pushed economic thought toward free markets in the 1970s and 1980s. His passionate defense of capitalism and economic
Over the past 40 years, children born to parents without college degrees have become less and less likely to grow up with the advantages of a two-parent home. This trend is perpetuating inequality between college-educated and non-college-educat
From the dawn of agriculture in Jericho to the artistic achievements of the Italian Renaissance in Florence, what lessons can we learn from great cities throughout history? What factors give rise to periods of innovation and creativity? In this
In the early 20th century, the idea that "big is bad" drove a muscular federal antitrust policy that viewed large corporations with suspicion. Then, in the 1980s, the Federal Trade Commission began to incorporate the lessons of economics, consi
Does the typical American family today enjoy better living standards compared to 1985? We may have bigger TVs in our living rooms and smartphones in our pockets, but a recent report from Washington, DC, think tank the American Compass suggests
Recent results from the National Assessment of Educational Progress, often called “the nation’s report card,” reveal the dire state of American education. The pandemic hit students hard, but it also presents educators and policymakers with an o
In this episode of Political Economy, I sit down with economist Leah Boustan to explore the truth behind the prevailing narratives that surround America's immigration policy debates. Are immigrants truly responsible for job loss among native-bo
Republicans in the House recently struck a deal with the Biden administration to raise the debt ceiling. But Washington debates over discretionary spending shouldn't overshadow the hard conversations we need to have about America's entitlement
We hear a lot about student debt in the news these days, but why has college gotten so expensive to begin with? My colleague Beth Akers joins Political Economy to discuss that question and to weigh in on the Biden administration's moratorium on
The Democratic and Republican parties have experienced substantial shifts in recent years, from each party's demographic makeup to its policy priorities. To explore that realignment and to consider the future of American political coalitions, I
As artificial intelligence continues to develop, many workers fear the disruptive potential of a fast-changing job market. How will AI impact the economy and how can workers prepare for the future? Today, my AEI colleague Brent Orrell joins Pol
There is a growing sense of pessimism that the American Dream is dying. Marriage rates are declining and fewer children are being born. Are economics behind this nationwide shift, or something else? I’m joined for today’s episode of Political E
Here at the American Enterprise Institute we’ve launched a new Center on Opportunity and Social Mobility as part of our American Dream Initiative. Former AEI scholar Kevin Corinth has returned to the Institute to serve as deputy director. In th
US-China relations have been strained in recent years over issues like trade, intellectual property theft, and supply chain reliance. How should we think about the economic ties between the US and China? And what are the keys to a prudent China
With the US reaching its $31.4 trillion debt ceiling, the Republican-controlled House and Democratic administration are set to spar over raising the debt limit. To sort through what's going on and whether the Twitter idea of minting a trillion-
Austrian economist Friedrich A. Hayek fought in the First World War, lived through the Great Depression and the rise of fascism, and enjoyed a postwar career as a Nobel Prize-winning economist. He is known to us today as a champion of classical
When we talk about poverty in the United States, what do we mean? And how do we measure it? My AEI colleague Scott Winship returns to Political Economy to give us a primer on how the "war on poverty" is going.Scott is a senior fellow and Direct
Professional sports teams love to ask local governments for public funds to build their stadiums. The teams claim these subsidies will "pay for themselves" through increased tourism and entertainment spending. But economists aren't so sure. For
We often hear that health care in the United States is expensive, but what does that mean exactly? How can policymakers reform our healthcare system with a market-based approach? My colleague James C. Capretta, author of US Health Policy and Ma
At the onset of the pandemic in 2020, my AEI colleague Stan Veuger told me we needed to support firms until the US economy could rebound. Two and a half years later, how have we fared? Dr. Veuger is back to discuss our fiscal response to the pa
When voters and politicians discuss tax policy, the rates we have to pay and the revenue government will raise are front of mind. But what about the other economic effects of the tax code? Taxes can affect savings and investment, economic growt
Why has the American political scene seemed to be so irrational in the past several years? Economist and author Bryan Caplan says it all comes down to social desirability bias, the observation that people prefer what sounds good to what's true.
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