Professional Documents
Culture Documents
NEW AEI SCHOLAR Robert Doar joins AEI as the inaugural Morgridge Fellow in Poverty Studies
Economic opportunity
What the official poverty measure leaves out. Robert Doar: In leaving out all that government does to help the poor, the official measure focuses on what poor Americans are able to earn for themselves. It is a measure of their independence and ability to work and earn a sufficient amount to support themselves and their families on their own which is what they want. And that is why it is so troubling that Americas official poverty measure now stands at 15% or 46.5 million Americans. Obamacare will cost 2.5 million jobs . . . Stan Veuger: When the Congressional Budget Office announced on Tuesday that by 2024 the equivalent of 2.5 million full-time jobs would be lost due to the impact of the Affordable Care Act, much more than it claimed before President Obamas re-election, I expected that even the laws most ardent supporters would be somewhat upset. Surprisingly, they were not. Instead of worrying about job losses, liberals celebrated the CBOs prediction that people will choose to work less. . . . and reduce worker compensation by 1 percent. Scott Gottlieb: CBO is being forced to acknowledge how Obamacare collides with some seemingly obvious economic principles. CBO is estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. Subprime mortgages hurt the poor the most. Ed Pinto: Low-income and minority borrowers have suffered disproportionately from subprime lending. This has taken the form of high rates of default and foreclosure, neighborhood blight, and extreme home price volatility.
An energy revolution
Fact-free opposition to Keystone XL. Benjamin Zycher: Now that the State Department has reported the obvious that the Keystone XL pipeline would have virtually no effect on greenhouse gas (GHG) emissions or on global temperatures the opponents of the project are bringing the heat. NEW RESEARCH Tax policy and the social costs of driving. Emma Bennett: Increasing the gasoline tax and other driving-related taxes while repealing inefficient regulations can encourage more optimal transportation decisions by Americans. The problem with a carbon tax. Benjamin Zycher: The standard assumption about the superior efficiency of a carbon tax relative to bans and energy consumption standards is deeply problematic for both scientific and political reasons.
CBO says the new normal is here to stay. Jim Pethokoukis: The long-term, anti-employment impact of the Affordable Care Act is, unfortunately, not the worst bit of news from the Congressional Budget Office. More disturbing and important is the CBOs gloomy US economic forecast. . . . Beyond 2017, CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades. Emerging-market currency turmoil. Desmond Lachman: As Federal Reserve tapering has become a reality, the currencies of a number of major emerging market economies including Brazil, India, Indonesia, South Africa and Turkey, have come under considerable market pressure. There is every reason to expect that such pressure is likely to persist as earlier emerging market capital inflows reverse.