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The indispensable and effective role of public policy in building the digital age

Place higher education’s risks on institutions, not students

Make student debt dischargeable in bankruptcy instead of canceling loans

Permit workers to administer their own employee benefits through organizations they control

With the Small Business Innovation & Research program, Congress helped build many of the nation’s most innovative firms.

Levy a tariff on all imports that rises until trade is balanced

Make American goods more attractive to foreigners than American assets

Balance trade by requiring importers to purchase credits from exporters.

President Reagan negotiated a quota on Japanese imports that bought Detroit time to retool and spurred massive foreign investment in a new manufacturing base in the South.

Congress should create a publicly provided online age verification system that would allow any person to privately and securely demonstrate their age online.

This paper focuses on two related areas where public policy places homemakers at a significant disadvantage: access to social insurance systems and employer benefits.

Congress should create a Workforce Training Grant—a $10,000-per-year grant to employers for each trainee engaged in on-the-job training.

In the popular imagination, young Americans leave home to attend college, where they earn degrees that launch them into careers. The actual experience is radically different.

Public policy should recognize that employers, not universities, often provide the most socially valuable form of training and should redirect public resources accordingly.

Policymakers can act on several fronts: market access and investment rules to govern the flow of goods and capital; sovereign actions taken in relation to global institutions; and immigration policy that affects labor market composition.

Each argument for globalization appeared sensible on its own terms, but each was built upon faulty premises or failed in the final analysis to support the ultimate agenda.

The era of globalization has coincided closely with the onset of precisely those problems that a clear-eyed analyst might have predicted and delivered outcomes contrary to the ones its ideologues envisioned.

While the share of American jobs requiring a college degree has increased in recent decades, the share of workers holding college degrees has risen much faster.

The college-for-all model fails most Americans in favor of a “Fortunate Fifth” who proceed smoothly from high school to college to career.

This year, as the right-of-center contemplates its path forward, American Compass has emerged as the leader in scrutinizing the outdated orthodoxy and developing genuinely conservative economic thinking.