Economics

Is Sweden a Free-Market Welfare State? Share This

Michael Lind | May 13, 2021 | Economics

Re: The Case for a Free-Market Welfare State

Forget American exceptionalism. Tiny social democratic Sweden is the country that embodies humanity’s future in the eyes of much of the global liberal left. A generation ago, the liberal economist Robert Heilbroner famously described his utopia as “a slightly idealized Sweden.” Now, the Niskanen Center’s Samuel Hammond has tried to draft Sweden for the libertarian […]

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If We Can’t Agree on a Global Minimum, Abolish the Corporate Tax Share This

Marshall Auerback | Apr 15, 2021 | Economics

Along with his proposals to raise the U.S. corporate tax rate to 28% (President Trump cut it to 21% from 35%), President Biden has offered something up to his global counterparts that has been around for a while, but which no U.S. president had heretofore seriously contemplated: a global minimum corporate tax rate of 21%, which […]

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The Fed’s Most Harmful Statistics Error Share This

Rob Atkinson | Apr 06, 2021 | Economics

Government economic statistics are critical to understanding the economy and making policy. For example, the Federal Reserve relies on accurate information about inflation to make monetary policy. Accurate statistics are also important for understanding structural economic changes and economic performance. Nowhere is this more important than in understanding what has happened to manufacturing output and […]

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Freedom, Fairness or Flourishing: America’s Fundamental Economic Policy Choice Share This

Rob Atkinson | Apr 01, 2021 | Economics

Joe Biden’s multi-trillion-dollar infrastructure plan is big and bold. Most pundits and the media see it as a rejection of the prior half century of small government, free-market conservative thinking and a new kind of growth policy. As the Wall Street Journal puts it, “It all marks a major turning point for economic policy. The […]

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Calling on the Wrong Profession: Time to Listen Less to Economists Share This

Rob Atkinson | Mar 15, 2021 | Economics

As hard as it is to believe, there was a time – before the New Deal – when economists were largely treated like any other interest group, occasionally saying something interesting, but usually ignored by policymakers. All that changed when Keynesian economics started to be seen to the solution of business cycle downturns, and then […]

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How to Raise the Minimum Wage, If You Must Share This

Samuel Hammond | Feb 23, 2021 | Economics

Let’s peg the federal minimum wage to state median wages.

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L’Affaire GameStop Share This

R. R. Reno | Jan 29, 2021 | Economics

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 […]

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Notes Toward a Supreme Oligarchy Share This

R. R. Reno | Oct 28, 2020 | American Tradition

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 […]

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Giganticism After COVID Share This

R. R. Reno | Aug 21, 2020 | Coronavirus

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 […]

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AEI’s Michael Strain on Projects Like Ours Share This

Oren Cass | Jul 30, 2020 | Economics

Re: The Remnant with Jonah Goldberg

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 […]

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John Ruskin and the Purpose of Political Economy Share This

Micah Meadowcroft | Jul 20, 2020 | Culture

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, […]

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Marco Rubio Takes on Deindustrialization and Race Share This

Samuel Hammond | May 27, 2020 | Economics

Re: Deindustrialization, racial discrimination, and the case for common good capitalism

The decline in American manufacturing hurt workers of every racial background.

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