To view this email as a web page, click here

.
AEI's weekly digest of top commentary and scholarship on the issues that matter most

Middle Earners Are Working More for Less

Income Equality, Not Inequality, Is the Problem

September 3, 2022

Writing in the Wall Street Journal, Phil Gramm and John F. Early offer compelling evidence that Americans near the bottom of the income scale ultimately receive as much, if not more, income as those at the middle. Correcting the Census Bureau's income measure to account for taxes and transfer payments, Gramm and Early find roughly equal incomes among the bottom 60 percent of American households, despite those near the bottom working far less than those at the middle. On September 12, AEI President Robert Doar will join Gramm and Early for a conversation about their upcoming book, The Myth of American Inequality: How Government Biases Policy Debate (Rowman & Littlefield, 2022).

 

 

In the pages of National Review, Yuval Levin argues against Republican passivity and says the party needs a coherent legislative agenda to earn Americans' support. "The work of appealing in practical terms to potential voters," writes Levin, "is essential to the formation of leaders in our democracy."

 

As the federal government offers massive new social benefits, such as student debt cancellation, Matt Weidinger summarizes the pandemic-era policies that paid out trillions in cash assistance, which he argues were often unnecessary, excessive, and vulnerable to fraud.

 

Although many attribute high inflation to the Federal Reserve's aggressive monetary policy, Robert J. Barro says the fiscal response to the COVID-19 pandemic is to blame. Barro contends that $4.1 trillion in excess federal spending, not low interest rates, contributed most significantly to the dramatic rise in prices.  

 

Robert Pondiscio outlines why traditional public schools have lost parents' trust and how they can get it back. "There is still a strong foundation on which to restore or reinforce faith in public education," he writes, but it will require public educators to reevaluate long-held assumptions about their societal role.

 

According to William C. Greenwalt, the Department of Defense has lost one of its most dynamic innovators. Mike Brown retired as head of the Defense Innovation Unit on Friday, September 2, after his efforts to engage with private-sector innovation reportedly met with "a critical lack of support from Pentagon leadership." The resistance to Brown's efforts, Greenwalt argues, shows that the Pentagon "is doubling down on a bureaucratic, risk-averse, and time-intensive system that puts us at greater risk to being outmaneuvered."

Customized Care for Complex Conditions in Medicare Advantage Credit

In a new working paper, Gary J. Schmitt and Joseph M. Bessette evaluate James Madison's and Alexander Hamilton's divergent views on the president's constitutional powers and role in government. Schmitt and Bessette write that this early dispute, which led to the emergence of political parties, presents a profound challenge to scholars seeking to understand the founding role of the American executive. The controversy, the coauthors assert, continues to this day. Examining Madison's and Hamilton's views on the presidency and the nature of executive power, Schmitt and Bessette find several potentially irreconcilable differences concerning presidential authority to direct foreign and domestic policy. While concluding that Hamilton's expansive understanding of presidential power likely exceeded the constitutional definition, Schmitt and Bessette also find weaknesses in Madison's far more limited view, which would have restricted the president's ability to act in foreign affairs.

 

 

More from AEI
RESEARCH AND COMMENTARY

The Life-Cycle Model Implies That Most Young People Should Not Save for Retirement

Sita Nataraj Slavov et al.
Journal of Retirement

Getting the Taiwan Policy Act Right

Zack Cooper and Richard Armitage
War on the Rocks

From the AEI Archive: Early Impressions of Gorbachev and a Final Thought

Karlyn Bowman and Joseph Kosten
AEIdeas

The Partisan Cynicism and Moral Sanctimony of Biden's Student Debt Relief

Jonah Goldberg
Dispatch

A Less Charitable World

Naomi Schaefer Riley and James Piereson
City Journal

PODCASTS AND VIDEOS

The Present and Future of the British Economy: A Conversation with UK Chancellor of the Exchequer Nadhim Zahawi

Michael R. Strain
AEI event

Scott Yenor on Cancel Culture and the Problems with Modern Feminism

Naomi Schaefer Riley and Ian Rowe
Are You Kidding Me?

"Building for Tomorrow": How to Think like an Entrepreneur

Shane Tews
Explain to Shane

The FBI vs. Trump: "Raising the Volume to Level 10—or 11"

John Yoo and Bill Whalen
Matters of Policy & Politics

The Heroine Diaries

Jonah Goldberg and Katherine Mangu-Ward
The Remnant with Jonah Goldberg

QUOTE OF THE WEEK

Whatever new revenue comes in and whoever pays it over the coming decade, it will be just a fraction of taxpayer losses from unprecedented COVID relief fraud in the past two years.

Matt Weidinger