#american-enterprise-institute

#american-enterprise-institute

The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.

Stokes will deliver a talk, 'The Carbon Wave: A Story of Democracy, Parenthood, and the Race to Protect Our Planet,' recounting the passage of the legislation through the perspectives of three new parents.

For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars. It's amazing that anyone could oppose this-especially when filing your taxes is something that Americans are required by law to do each year.

The threat of terrorism from the Middle East was a consequence of American involvement, not the reason for it. If the US had not been involved since the 1940s, Islamic militants would have little interest in attacking it.

Trillions flow into the United States government on Tax Day, yet a significant share is directed toward war and defense contractors, rather than essential services.

Starting next month, the cost of renouncing your U.S. citizenship will go down dramatically - a boon for people already shouldering the burden of paying for a major overseas move. Anyone wishing to formally shed their American citizenship is required to obtain a form called a Certificate of Loss of Nationality, and right now it comes with a whopping $2,350 fee. In April, that fee will drop by 80% to $450.

For a nation whose founding symbols were carefully engineered around the balance of peace and war, that omission is hard to read as accidental. Dropping the olive branch from the dime isn't just a design choice: it's a cultural signal.

When he was talking about the risks of AI, he contorted. His body twisted. He was really emotionally showing how scared he was. It made an impression on the investor, who spoke on condition of anonymity due to fear of impact to their business, and said they believed large language models would never be successful if they weren't trustworthy.

What makes the program tricky is that it blurs the party lines on school choice. It's not a traditional voucher. But opposition to any school choice policy is deeply ingrained for many Democrats. If governors opt in to the program, tax dollars will go toward private school tuition for children in their states, something many Democrats are uncomfortable with.

Three of the four things that gave Trump a foothold, in my opinion, were failures in this century (the fourth is the legacy of slavery and the organized political violence that replaced it). The other three, though, are the War on Terror, the financial crisis, and social media. (COVID was the final catalyst, I think; having moved during the height of COVID, I can't express how much worse the US dealt with it than much of the EU.)

The country is almost certain to enter the next shock more indebted than we have ever been before, which may significantly hamper our ability to marshal an appropriate response. The U.S. has never experienced an economic shock as indebted as we are today. This situation leaves the U.S. immensely vulnerable.

On January 15, the National Endowment for the Humanities (NEH) announced $75.1 million for humanities projects across the country. Presented as part of President Donald Trump's January 25, 2025 executive order, "Celebrating America's Birthday," the move is the latest example of how the Trump administration is increasingly using federal funding as a vehicle to achieve its broader goals of reshaping higher education.

Fox News host Sean Hannity said the U.S. should give a cool $100,000 to every person in Greenland as part of President Donald Trump's attempt to acquire the Danish territory. This month, Reuters reported that officials in the Trump administration have floated the idea of giving between $10,000 and $100,000 to each one of Greenland's 56,000 residents. Trump has obsessed over Greenland and says the U.S. must acquire it for national security reasons.

On this week's episode of The David Frum Show, David opens with his reflections on the recent shootings in Minneapolis. He argues that these killings, alongside ICE's warrantless home raids and mistaken detentions, and the reports of deaths in custody, are not isolated abuses but signs of a rapidly deepening crisis in American democracy, one in which basic rights and due process are applied unevenly and increasingly contested.

US businesses and consumers paid nearly 90 percent of the cost of Donald Trump's tariffs last year, according to new Federal Reserve research that undercuts the president's claim that foreign companies would bear the burden. The study by the New York Fed found that the majority of tariff costs were passed through to Americans in the first 11 months of 2025, although exporters shouldered an increasing amount as the year progressed.

Once we get past this issue, there's decent agreement on everything else,

The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments. Compared with the CBO's analysis this time last year, the fiscal outlook has deteriorated modestly. Major developments over the last year are factored into the latest report, released Wednesday, including Republicans' tax and spending measure known as the " One Big Beautiful Bill Act,"

The proposed Billionaire Tax Act, imposing a one-time 5% tax on the total wealth of Californians whose net worth is $1 billion or more, needs reconsideration. Certainly, anyone with $1 billion (or more) has more than enough to live very comfortably, but there is an approach that would be less onerous to the billionaires and more helpful to the state. A one-time 5% tax would bring in a windfall for the state - once.