Let’s peg the federal minimum wage to state median wages.
The stampede into GameStop and other stocks was a political event. Like antifa assaults on government building and the mob assault on the White House, the investment strategy hatched on reddit subchannels expresses anger at the “system.” It’s not surprising that disaffected Americans organized around a buying strategy. We live in a consumption-based economy, not […]
Most of us are fixed on November 3. This is understandable. Elections are important, and this one seems more important than most. But I live in New York City. As I walk to work each day, my mind does not dwell on Trump or Biden. I go past closed hotels and empty office buildings. At […]
In March, I could see that our social response to the coronavirus would be more consequential than the virus itself. Natural disasters can do great damage, but they do not usually change societies. By contrast, mass mobilizations for wars in the modern era have been deeply consequential. The lockdowns and country-wide quarantines have been exercises […]
On the most recent episode of Jonah Goldberg’s podcast, The Remnant, AEI director of economic policy studies Michael Strain delivers a harsh assessment of projects like American Compass. According to Michael, “the arguments that they put forward just aren’t well developed,” “they aren’t supported by evidence, they aren’t convincing,” and “the work they’re doing just […]
As we seek a realignment in American political economy we would do well to rediscover the thought of a 19th-century critic who did not like us very much. John Ruskin (1819–1900) found Americans obsessed with a liberty he considered license and naively committed to an ideal of equality he believed impossible: “also, as a nation, […]
The decline in American manufacturing hurt workers of every racial background.
In a recent Real Clear Markets column, economist John Tamny made the case that Oren Cass’s policy advice is backwards and will result in political doom for, in Tamny’s words, “the hyper emotional Marco Rubio.” The personal invectives against Cass and Rubio (of which there are several) aside, this sentence in Tamny’s piece caught me […]
Daniel Moynihan once stated that “Everyone is entitled to his own opinion, but not his own facts.” This is no more true than with today’s debate over the health of U.S. manufacturing; a debate that is critical to get right if policy makers are to respond appropriately. Apologists for the status quo paint a Pollyannaish […]
The Senate is finally back in Washington and negotiations over the next coronavirus recovery package are underway. The White House’s initial salvo was reported Monday and includes a capital gains tax cut, a measure to increase entertainment tax deductions, and a payroll tax cut. If you tasked me with putting together a parody recovery plan […]
Welcome to American Compass. Our mission is to restore an economic consensus that emphasizes the importance of family, community, and industry to the nation’s liberty and prosperity. Many of the most insightful and creative policymakers, researchers, and pundits on the American right-of-center, and some on the left-of-center as well, are dedicating tremendous intellectual energy toward […]