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The fundamentals of the economy are strong. So why are the Dow Jones down and fears of a recession up? Perhaps because President Trump is rocking the economic boat by threatening tariffs on historic trading partners, only to rescind them the same day; taking a chainsaw to government expenditures when he should be using a scalpel; and talking about structurally changing the U.S. economy. Will Trump's disruptive approach to the international economy enrich Americans in the long run? Or are the tariffs, and the flip-flopping, going to backfire? Michael Strain is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also the Professor of Practice at the McCourt School of Public Policy at Georgetown University, a research fellow with the IZA Institute of Labor Economics, a research affiliate with the Institute for Research on Poverty at the University of Wisconsin–Madison, and a member of the Aspen Economic Strategy Group. Dr. Strain also writes as a columnist for Project Syndicate.Read the transcript here. Subscribe to our Substack here.
Today on Political Economy, Michael Strain and I discuss the key challenges currently facing the American economy; namely, the growing debt burden, lingering inflation, the market response to tariffs, and general uncertainty.Strain is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy here at AEI. He has published dozens of articles in leading academic and policy journals in addition to his 2020 book, The American Dream is Not Dead. He is a professor at Georgetown University's McCourt School of Public Policy and a research fellow at the Institute for the Study of Labor.
Rich talks about President Trump's picks of Marco Rubio as Secretary of State and Tom Homan as border czar with Alfonso Aguilar, former Chief of the Office of Citizenship under DHS. Joel Griffith, research fellow at the Thomas A. Roe Institute for Economic Policy Studies, weighs in some of the others being appointed to serve in the new administration, including Mike Huckabee as U.S. ambassador to Israel. Later, a discussion of the Congressional hearing on UAP's with L.A. Marzulli, author of "Rungs of Disclosure: Following the Trail of Extraterrestrials and the End Times." Learn more about your ad choices. Visit podcastchoices.com/adchoices
The American Dream – the idea that anyone can achieve success in the U.S. through hard work and determination – is under scrutiny, and some worry it's no longer achievable for the broader population. Those who agree say increasing healthcare, education, and housing costs create difficulty in having financial stability. Those who disagree argue that the U.S. still offers more opportunities for personal and financial growth than elsewhere. Now we debate: Is the American Dream in Decline? Arguing Yes: David Leonhardt, Pulitzer Prize-winning Senior Writer for The New York Times and The Morning; Author of “Ours Was the Shining Future: The Story of the American Dream” Arguing No: Michael Strain, Political Economy Scholar and Director of Economic Policy Studies at American Enterprise Institute; Author of “The American Dream Is Not Dead: (But Populism Could Kill It)” Nayeema Raza, Journalist at New York Magazine and Vox, is the guest moderator. Learn more about your ad choices. Visit podcastchoices.com/adchoices
President Donald Trump has routinely said he supports immigration, as long as it's legal, including when Marc interviewed the former president for the Washington Post. Then in the pages of National Review, Marc's AEI colleagues Michael Strain and Ramesh Ponnuru debated the extent to which Trump supported legal immigration during his presidency and now on the campaign trail. So, we are bringing Strain and Ponnuru onto the pod to debate the extent of Trump's support for legal immigration, and how he might and should address immigration reform in a potential second term. Ramesh Ponnuru is a nonresident senior fellow at the American Enterprise Institute, where he studies politics and public policy with a particular focus on the future of conservatism. Concurrently, he is the editor of National Review, where he has covered national politics and public policy for 25 years, and a columnist for the Washington Post.Michael Strain is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also the Professor of Practice at the McCourt School of Public Policy at Georgetown University, a research fellow with the IZA Institute of Labor Economics, a research affiliate with the Institute for Research on Poverty at the University of Wisconsin–Madison, and a member of the Aspen Economic Strategy Group. Dr. Strain also writes as a columnist for Project Syndicate. Read the transcript here. Read Marc's interview with President Trump in the Washington Post here. Read Michael Strain's article in the National Review here. Read Ramesh Ponnuru's article in the National Review here. Subscribe to our Substack here.
Mark and Cris are joined by Dante and Michael Strain, Director of Economic Policy Studies at the American Enterprise Institute. Dante kicks things off with a detailed summary of the stronger than expected U.S. employment report for September. Buoyant wage growth and upward revisions to July and August's numbers confirm that the economy remains healthy. The discussion then pivoted to the presidential election with Michael making a strong case for status quo economic policies and divided government.Check out Michael's Strain's Book: The American Dream Is Not DeadGuest: Michael R. Strain - Director of Economic Policy Studies, American Enterprise Institute (AEI)Guest: Dante DeAntonio, Senior Director of Economic Research, Moody's AnalyticsHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn
Economies have been subjected to profound disruptions from technological change in the past -- from the adoption of weaving machines in the 19th century, to the mechanization of agriculture, and the use of robotics in manufacturing. Yet, these disruptions very often led to a broad increase in societal wealth, and the creation of entirely new occupations. Will generative AI both disrupt and benefit economies? Michael Strain joins EconoFact Chats to make a case for AI optimism, highlighting how America's experiences with technology-driven disruption have proved a net benefit historically. Mike is the Director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also a member of EconoFact's board of advisors.
Economies have been subjected to profound disruptions from technological change in the past -- from the adoption of weaving machines in the 19th century, to the mechanization of agriculture, and the use of robotics in manufacturing. Yet, these disruptions very often led to a broad increase in societal wealth, and the creation of entirely new occupations. Will generative AI both disrupt and benefit economies? Michael Strain joins EconoFact Chats to make a case for AI optimism, highlighting how America's experiences with technology-driven disruption have proved a net benefit historically. Mike is the Director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also a member of EconoFact's board of advisors.
Experts will examine the major questions doctrine, its role in regulatory litigation, and its place in administrative law in light of recent developments.Please register and join us for a live webinar on August 14, 2024 at 11 am EST.Featuring: Paul Ray, Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage FoundationElliot Gaiser, Ohio Solicitor General(Moderator) Susan Dudley, Founder, GW Regulatory Studies Center & Distinguished Professor of Practice, Trachtenberg School of Public Policy & Public Administration, George Washington University
THE TIM JONES AND CHRIS ARPS SHOW 0:00 SEG 1 Zack Smith, Sr. Legal Fellow at The Heritage Foundation and Co-host of the SCOTUS 101 Podcast | https://twitter.com/tzsmith Joel Griffith, Research Fellow for Economic Policy Studies at The Heritage Foundation | https://twitter.com/joelgriffith “Saving America 2024" Event tonight at the St. Charles Funny Bone | Trump's gag order has been massaged | Julian Assange reaches deal to avoid U.S. prison time | Immigrating from California to the United States | Small banks folding | Moore v. United States which is a Supreme Court case about taxing unrealized gains 16:54 SEG 2 Zack and Joel talk about the courts halting parts of Biden's loan repayment plan | The number of part time jobs are skyrocketing | Trump wants to eliminate taxes on tips for servers | Chevron Doctrine good for small business 30:00 SEG 3 DAVID STOKES, Director of Municipal Policy at the Show-Me Institute, talks about St. Louis to reimburse $26M in earnings tax to remote workers | Does St. Louis need a comptroller? Plan to reshape City Hall hits prime time. | University City to make legal change in response to renovations challengehttps://showmeinstitute.org/author/david-stokes/ https://twitter.com/DavidCStokes https://newstalkstl.com/ FOLLOW TIM - https://twitter.com/SpeakerTimJones FOLLOW CHRIS - https://twitter.com/chris_arps 24/7 LIVESTREAM - http://bit.ly/newstalkstlstream RUMBLE - https://rumble.com/NewsTalkSTL See omnystudio.com/listener for privacy information.
THE TIM JONES AND CHRIS ARPS SHOW 0:00 SEG 1 Zack Smith, Sr. Legal Fellow at The Heritage Foundation and Co-host of the SCOTUS 101 Podcast | https://twitter.com/tzsmith Joel Griffith, Research Fellow for Economic Policy Studies at The Heritage Foundation | https://twitter.com/joelgriffith “Saving America 2024" Event tonight at the St. Charles Funny Bone | Trump's gag order has been massaged | Julian Assange reaches deal to avoid U.S. prison time | Immigrating from California to the United States | Small banks folding | Moore v. United States which is a Supreme Court case about taxing unrealized gains 16:54 SEG 2 Zack and Joel talk about the courts halting parts of Biden's loan repayment plan | The number of part time jobs are skyrocketing | Trump wants to eliminate taxes on tips for servers | Chevron Doctrine good for small business 30:00 SEG 3 DAVID STOKES, Director of Municipal Policy at the Show-Me Institute, talks about St. Louis to reimburse $26M in earnings tax to remote workers | Does St. Louis need a comptroller? Plan to reshape City Hall hits prime time. | University City to make legal change in response to renovations challengehttps://showmeinstitute.org/author/david-stokes/ https://twitter.com/DavidCStokes https://newstalkstl.com/ FOLLOW TIM - https://twitter.com/SpeakerTimJones FOLLOW CHRIS - https://twitter.com/chris_arps 24/7 LIVESTREAM - http://bit.ly/newstalkstlstream RUMBLE - https://rumble.com/NewsTalkSTL See omnystudio.com/listener for privacy information.
The US economy is booming. Public investments in infrastructure, education, clean energy, and more is accelerating labour productivity, growing wages, and spurring employment. Recent economic data shows that “Bidenomics” is working and just as a rising tide lifts all boats, the average American worker hasn't had it so good in a generation or more. But critics are pointing to the high cost of living – from expensive groceries to housing to health care – to the rise of precarious work to exploding levels of economic inequality as proof points that the president's economic policies are in fact debt fuelled chimera and achieving the American dream is fast becoming an impossibility for millions of workers. Arguing in favour of the resolution is Steven Rattner. He's the former head of Obama's Auto Task Force, an Economic Analyst on MSNBC's Morning Joe, and a contributing writer to The New York Times Op Ed page Arguing against the resolution is Michael R. Strain, the Director of Economic Policy Studies and the at the American Enterprise Institute. SOURCE: MSNBC The host of the Munk Debates is Rudyard Griffiths Tweet your comments about this episode to @munkdebate or comment on our Facebook page https://www.facebook.com/munkdebates/ To sign up for a weekly email reminder for this podcast, send an email to podcast@munkdebates.com. To support civil and substantive debate on the big questions of the day, consider becoming a Munk Member at https://munkdebates.com/membership Members receive access to our 50+ year library of great debates in HD video, a free Munk Debates book, newsletter and ticketing privileges at our live events. This podcast is a project of the Munk Debates, a Canadian charitable organization dedicated to fostering civil and substantive public dialogue - https://munkdebates.com/ Executive Producer: Ricki Gurwitz Senior Producer: Daniel Kitts Editor: Kieran Lynch
A center-right economic policy agenda has traditionally meant a focus on lower marginal tax rates, fiscal prudence, an openness to immigration, free trade and globalization. In recent years however, there has been significant change in the Republican Party's stance on some of these issues -- especially trade and immigration. Michael Strain of the American Enterprise Institute (AEI) joins EconoFact Chats to highlight some of the factors driving these changes, and to discuss whether current Republican views on trade and immigration are likely to stay over coming election cycles Michael is the Director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at AEI. He also serves on EconoFact's Board of Advisors.
A center-right economic policy agenda has traditionally meant a focus on lower marginal tax rates, fiscal prudence, an openness to immigration, free trade and globalization. In recent years however, there has been significant change in the Republican Party's stance on some of these issues -- especially trade and immigration. Michael Strain of the American Enterprise Institute (AEI) joins EconoFact Chats to highlight some of the factors driving these changes, and to discuss whether current Republican views on trade and immigration are likely to stay over coming election cycles Michael is the Director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at AEI. He also serves on EconoFact's Board of Advisors.
Michael Strain joins Robert for a bonus episode to discuss the recent inflation numbers. They discuss whether the US economy will experience a soft landing, the US's economic relationship with China, and Trump and Biden's policy track records.Strain is the AEI Director of Economic Policy Studies and a columnist for Project Syndicate. His work focuses on labor markets, public finance, social policy, and macroeconomics.Read his recent pieces on the economic outlook and the Trump-Biden economic policies.
Michael R. Strain is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute, where he studies labor markets, public finance, social policy, and macroeconomics. Before joining AEI, Dr. Strain worked in the Center for Economic Studies at the US Census Bureau and in the macroeconomics research group at the Federal Reserve Bank of New York. He holds a PhD in economics from Cornell University.Dr. Strain is joined by Jake Kirshen of the University of North Carolina to discuss inflation, the national debt, and an economic policy perspective on our upcoming election.To learn more about AEI's work on college campuses, visit our website.To learn more about Summer Honors Program, visit our page here.
Episode 83 is with Dr. Michael Strain, director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. Today, we discuss: 1) Why the American Dream is NOT dead, and much economic pessimism is overblown; 2) The problem with populism and its origins on both sides of the aisle; and 3) Reasons for optimism on wages, GDP, and much more. Please share this on social media and provide a rating and review. Thanks! Also, subscribe and see show notes for this episode on Substack (www.vanceginn.substack.com) and visit my website for economic insights (www.vanceginn.com).
Bullet holes and toppled furniture bear witness to what happened in the home of one young couple living in Israel close to the border with Gaza on Oct. 7. Their home still partially stands, but they—and about 100 other members of their small community—are dead. Walking through the streets of the small village, Joel Griffith says, “You could tell it once was a very beautiful place.” Griffith, who is Jewish and serves as a research fellow in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation, recently returned from a trip to Israel. His mission was both to “support, but also bear witness to the evil” that took place in Israel on Oct. 7 when Hamas carried out a brutal terrorist attack that killed about 1,200 people. Walking out of the home of the slain couple, Griffith says, he saw two “Jewish men playing guitar and singing, and gathered around them were others—soldiers, non-soldiers, Israelis, non-Israelis (such as myself), people who were religious, people who visibly weren't religious, but all gathered together singing.” One of the songs they sang, according to Griffith, was “Am Yisrael Chai,” which translates to “The people of Israel live.” Standing there singing in a “place where so many lives were lost” and with “gunfire” and the sounds of “artillery” in the background, “was a powerful moment,” he says. Griffith joins “The Daily Signal Podcast” to discuss what he saw and heard in Israel three months after the Hamas terrorist attack. Enjoy the show! Hosted on Acast. See acast.com/privacy for more information.
The American Dream – the idea that anyone can achieve success in the U.S. through hard work and determination – is under scrutiny, and some worry it's no longer achievable for the broader population. Those who agree say increasing healthcare, education, and housing costs create difficulty in having financial stability. Those who disagree argue that the U.S. still offers more opportunities for personal and financial growth than elsewhere. Now we debate: Is the American Dream in Decline? Arguing Yes: David Leonhardt, Pulitzer Prize-winning Senior Writer for The New York Times and The Morning; Author of “Ours Was the Shining Future: The Story of the American Dream” Arguing No: Michael Strain, Political Economy Scholar and Director of Economic Policy Studies at American Enterprise Institute; Author of “The American Dream Is Not Dead: (But Populism Could Kill It)” Nayeema Raza, Journalist at New York Magazine and Vox, is the guest moderator. Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this week's Macrocast, Ylan, John, and Brendan host a conversation with special guest Michael Strain, the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute (AEI). Their discussion begins by analyzing the addition of 216,000 jobs and a steadfast unemployment rate, examining how different economic indicators impact the Fed's interest rate decisions. Additionally, they reflect on how inflation impacts consumer confidence, juxtaposing the strength of the American labor market against the reality of stretched budgets. With jobs top of mind, they explore AI's potential to redefine jobs and wages, contrasting it with technological advancements in the 1980s. Specifically, they consider whether AI will be the great disruptor of high-wage roles or an unexpected ally, fostering innovation in some industries. Be sure to listen and, for more, check out Michael's recent book The American Dream Is Not Dead: (But Populism Could Kill It).
GUEST 1 OVERVIEW: Major David McBride is a graduate of Oxford University and Sandhurst Military Academy and was an Officer in the both the British and Australian Armies. After two tours of Afghanistan with the Australian Forces he became a whistleblower against the Australian High Command. He now faces five charges of espionage and a possible lifetime in prison. GUEST 2 OVERVIEW: Peter St Onge holds a PhD in Economics from George Mason University, and is currently a Mark A. Kolokotrones Fellow in Economic Freedom at the Heritage Foundation and is a Research Fellow in the Thomas A. Roe Institute for Economic Policy Studies. His website is www.peterstonge.com GUEST 3 OVERVIEW: Scott Morgan is an African Security Analyst who is a contributor to the Institute for Religion and Democracy and Militant Wire as well as Washington Editor for the Maghreb and Orient Courier. He is a Marine Corps Veteran and is based in Washington DC
On this episode of Future of Freedom, host Scot Bertram is joined by two guests with opposing viewpoints on the need for additional government intervention in the markets to achieve specific policy goals. First on the show is Henry Olsen, senior fellow at the Ethics and Public Policy Center and columnist for the Washington Post. Later, we hear from Michael Strain, director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. You can find Henry on Twitter at @HenryOlsenEPPC and Michael at @MichaelRStrain. --- Support this podcast: https://podcasters.spotify.com/pod/show/future-of-freedom/support
While the West is tearing itself up over pronouns and how many genders there are, China is killing innocent people for their organs, trying to wipe out entire races and fine-tuning its surveillance mechanisms to make sure dissent is a thing of the past. Criticism of China has, in some circles, been muted by accusations of racism, a line the CCP loves to exploit. In this episode of China Unscripted, we talk about how wokeism is making the West weak, how the US could wipe out its debt to China, and why the US has the upper hand against China but isn't using it. Joining us in this episode is Andrew Hale, the Jay Van Andel Senior Policy Analyst in Trade Policy in the Heritage Foundation's Thomas A. Roe Institute for Economic Policy Studies. Andrew is a dual national of the United Kingdom and the United States. In the UK, Andrew worked for the Department for International Trade, Defence Intelligence, and Parliament. In the US, Andrew has worked for the State Department and in Congress.
Join us this week as we delve into the heart of Iran's turmoil with esteemed guest Elliott Abrams, former foreign policy advisor to Presidents Ronald Reagan, George W. Bush, and Donald Trump. Gain exclusive insights and expert analysis on the current state of affairs in Iran, exploring the underlying factors, potential ramifications, and possible solutions. Don't miss this captivating episode as we unravel the complexities of one of the world's most critical geopolitical hotspots.We're also joined by Andrew Hale, the Jay Van Andel Senior Trade Policy Analyst at the Heritage Foundation, who brings his extensive experience in international trade and defense intelligence. Together, we examine the alarming issue of China defaulting on $850 billion of debt, shedding light on the potential global consequences and exploring the economic and geopolitical landscape. Don't miss this captivating episode as we unravel the complexities of Iran's chaos and China's financial challenges._Elliott Abrams is senior fellow for Middle Eastern studies at the Council on Foreign Relations (CFR) in Washington, DC. He served as deputy assistant to the president and deputy national security advisor in the administration of President George W. Bush, where he supervised U.S. policy in the Middle East for the White House, and as Special Representative for Iran and Venezuela in the administration of Donald Trump.Abrams was educated at Harvard College, the London School of Economics, and Harvard Law School. After serving on the staffs of Senators Henry M. Jackson and Daniel P. Moynihan, he was an assistant secretary of state in the Reagan administration and received the secretary of state's Distinguished Service Award from Secretary George P. Shultz. In 2012, the Washington Institute for Near East Policy gave him its Scholar-Statesman Award.Abrams was president of the Ethics and Public Policy Center in Washington, DC, from 1996 until joining the White House staff. He was a member of the U.S. Commission on International Religious Freedom from 1999 to 2001 and chairman of the commission in the latter year, and served a second term as a member of the Commission in 2012-2014. From 2009 to 2016, Abrams was a member of the U.S. Holocaust Memorial Council, which directs the activities of the U.S. Holocaust Memorial Museum. He is a member of the board of the National Endowment for Democracy, and teaches U.S. foreign policy at Georgetown University's Edmund A. Walsh School of Foreign Service.Abrams joined the Bush administration in June 2001 as special assistant to the president and senior director of the National Security Council for democracy, human rights, and international organizations. From December 2002 to February 2005, he served as special assistant to the president and senior director of the National Security Council for Near East and North African affairs. He served as deputy assistant to the president and deputy national security advisor for global democracy strategy from February 2005 to January 2009, and in that capacity supervised both the Near East and North African affairs and the democracy, human rights, and international organizations directorates of the National Security Council.Abrams rejoined the State Department in January 2019 as Special Representative for Venezuela, and in August 2020 took on the additional position of Special Representative for Iran. He left the Department in January 2021.Abrams is the author of five books: Undue Process, Security and Sacrifice, Faith or Fear: How Jews Can Survive in a Christian America, Tested by Zion: The Bush Administration and the Israeli-Palestinian Conflict, and most recently Realism and Democracy: American Foreign Policy After the Arab Spring. He is the editor of three more, Close Calls: Intervention, Terrorism, Missile Defense and "Just War" Today; Honor Among Nations: Intangible Interests and Foreign Policy; and The Influence of Faith: Religious Groups and U.S. Foreign Policy.Andrew is the Jay Van Andel Senior Policy Analyst in Trade Policy in Heritage's Thomas A. Roe Institute for Economic Policy Studies.Andrew Hale is currently the Jay Van Andel Senior Trade Policy Analyst at the Heritage Foundation. A dual citizen of the U.S. and the United Kingdom, he has previously worked for the UK Department for International Trade, in Defense Intelligence, and for Parliament. In the U.S. he has worked for the State Department and for a Member of Congress._Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com
Ali Velshi is joined by NBC's Ryan Nobles, NBC's Monica Alba, NBC's Molly Hunter, Rep. Josh Gottheimer (D-NJ), State Sen. Mia McLeod (I-SC), Director of Economic Policy Studies at American Enterprise Institute Michael Strain, Opinion Writer at The Washington PostJennifer Rubin, Editor-in-Chief at Investopedia Caleb Silver, Fmr. Rep. Charlie Dent (R-PA), Rep. Lloyd Doggett (D-TX), Rep. Adam Smith (D-WA), Pulitzer Prize-winning Artist/Illustrator and Author of ‘Maus' Art Spiegelman.
May 22, 2023 ~ Joel Griffith, Research Fellow in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation, talks with Guy Gordon about President Biden threatening to invoke the 14th Amendment.
In March 2022, the Securities and Exchange Commission proposed a new rule that would establish climate-risk disclosure requirements for public companies. The 490-page proposal includes requirements for disclosing direct greenhouse gas emissions (scope 1) and indirect emissions related to use of electricity or other forms of energy (scope 2). While supporters hailed the proposed rule's effort to standardize the disclosures many ESG-focused funds have been making, others zeroed in on a requirement that would obligate larger companies to disclose GHG emissions from upstream suppliers and downstream customers (scope 3).After receiving thousands of comments favoring and opposing the proposal, the SEC postponed its target date for finalizing the rule to spring 2023. Much of the debate centers on the scope of the SEC's authority to mandate climate risk disclosure, an issue that took on additional dimensions after the Supreme Court's June 2022 decision in West Virginia v. EPA, which struck down an EPA rule regulating GHG emissions under the Clean Air Act as contrary to the “major questions doctrine.” Many predict that the final ESG rule will be litigated regardless of what changes the SEC may make to address issues that commenters raised. With the SEC ESG final rule expected soon, this program brings together distinguished speakers who will outline the arguments for and against the SEC's effort to regulate in this area.Paul Ray leads The Heritage Foundation's work on regulatory and economic policy as Director of the Thomas A. Roe Institute for Economic Policy Studies, building on his previous experience as Senate-confirmed Administrator of the Office of Information and Regulatory Affairs at the Office of Management and Budget. He has written widely on a number of regulatory issues, including the SEC's authority to set corporate climate policy.George Georgiev is an Associate Professor of Law at Emory University Law School, focusing on Business Law, Corporate Governance, Securities Regulation, Mergers & Acquisitions, Corporate Finance, and Executive Compensation. Professor Georgiev co-authored an analysis affirming the SEC's authority to adopt climate-related disclosure rules, and filed comments in the rulemaking.The panel will be moderated by Jane Luxton, Managing Partner of the Washington, DC office of Lewis Brisbois Bisgaard & Smith, and co-chair of the firm's Administrative Law & Regulatory Practice.Visit our website - RegProject.org - to learn more, view all of our content, and connect with us on social media.*******As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
As Jamie Dimon & JP Morgan Chase swallow up yet another major bank, Will sits down with Peter St Onge, a Research Fellow in the Thomas A. Roe Institute for Economic Policy Studies and the Mark A. Kolokotrones Fellow in Economic Freedom at The Heritage Foundation. Will and Peter outline whether the recent bank failures could spell trouble for the system at large, as well as discuss the root causes of the current economic downturn. Plus, they examine whether or not China poses a threat to the dollar being the world reserve currency, and what actions could be taken to unshackle the engines of economic growth. Tell Will what you thought about this podcast by emailing WillCainPodcast@fox.com Follow Will on Twitter: @WillCain Learn more about your ad choices. Visit megaphone.fm/adchoices
Before Friday, Silicon Valley Bank was the sixteenth largest bank in America. Now it bears the standard of being the second largest bank failure in US history, only upstaged by the 2008 financial crisis. As the initial shock – both to the market and to news headlines – is wearing off, some things are clear: SVB was badly run, had mismanaged its asset investments, and as a truly silicon valley-centric bank, had an un-diversified portfolio tied to tech start-ups, crypto, and its California clientele. But the real catalyst? A long year of the Biden administration's failure to combat inflation caused the Fed to hike interest rates, resulting in a major loss of asset value for the bonds SVB owned. Now, the Fed, FDIC, and Treasury Department have decided to protect depositors – but not shareholders – beyond the standard $250,000 insured cap for deposits. In short, the average taxpayer is bailing out the Silicon Valley elite. Michael Strain is the Director of Economic Policy Studies at the American Enterprise Institute. Dr. Strain is also the author of The American Dream Is Not Dead: (But Populism Could Kill It).Download the transcript here.
Although primarily an enforcement agency, the Federal Trade Commission (FTC) has issued a historic number of proposed rules over the past two years. From prohibiting non-compete provisions potentially impacting 30 million employment contracts or privacy and data security rules implicating personal information online, these proposed rules will affect most sectors of the U.S. economy. This panel of experts will explore how a federal agency undertakes the cost-benefit analysis for proposed rules, comparing independent agencies to those subject to OIRA review, and provide practical tips for lawyers and economists working on agency rulemaking comments.Featuring:Dr. Andrew Stivers, Associate Director, NERA Economic ConsultingPaul Ray, Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage FoundationJonathan Wolfson, Chief Legal Officer and Policy Director, Cicero InstitutePaul Metrey, Senior Vice President, Regulatory Affairs, National Automotive Dealers Association [Moderator] Svetlana Gans, Partner, Gibson, Dunn & Crutcher, LLPVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.*******As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Justin and John sit down with Michael R. Strain, director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. Michael assesses the COVID stimulus packages and their impact on inflation, addressing the direct cash payments and criticizing the popular concept of UBI. He explains why the national debt matters for U.S. interests and describes the likely consequences of a U.S. debt default.Read more from Michael here: https://www.aei.org/profile/michael-r-strain/
Michael Strain is the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute and is a returning guest to Macro Musings. Michael rejoins the podcast to talk about the looming debt ceiling crisis and his recent article on the issue titled, *Averting a Debt-Ceiling Disaster.* David and Michael specifically discuss the background, history and recent events leading up to the current crisis, how to impose fiscal discipline in a low interest rate world, solutions the US government could pursue, and more. Transcript for the episode can be found here. Michael's Twitter: @MichaelRStrain Michael's website Michael's AEI profile David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here! Related Links: *Averting a Debt-Ceiling Disaster* by Michael Strain *House Republicans Prepare Emergency Plan for Breaching Debt Limit* by Jeff Stein, Leigh Ann Caldwell, and Theodoric Meyer *Extraordinary Measures* by the Bipartisan Policy Center
Michael R. Strain is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He's also the author of The American Dream Is Not Dead: (But Populism Could Kill It) During this podcast discussion, Michael talks about three things to know about the state of the US economy. He also talks about the right way to think about the debt ceiling.
With the US reaching its $31.4 trillion debt ceiling, the Republican-controlled House and Democratic administration are set to spar over raising the debt limit. To sort through what's going on and whether the Twitter idea of minting a trillion-dollar coin could be the government's "get out of jail free" card, I'm joined again by my AEI colleague Michael Strain.Mike is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also a member of the Committee on Automation and the Workforce of the National Academy of Sciences.
On "EWTN News Nightly" tonight: Reporters wanted to discuss the discovery of classified documents with President Joe Biden following a speech about inflation. The latest classified documents were found in a garage, where Biden's Corvette is parked. And just days after taking control of the US House, Republicans have passed 2 major pro-life bills. Over in the US Senate, Senator Cindy Hyde-Smith of Mississippi will serve as the 118th Congress Chair of the Senate Pro-Life Caucus. She tells us what she has in mind for the caucus and what she hopes to accomplish for the unborn. Meanwhile, it has been a week of transportation chaos across the US. A technology glitch grounded the country's air travel Wednesday morning and passengers traveling from Virginia to Florida were stuck on an Amtrak train for 36 hours after a freight train derailed. Research Fellow for Economic Policy Studies at the Heritage Foundation, Joel Griffith, joins to share his reaction to this grand-scale transportation chaos plaguing the country and what we are hearing. Finally this evening, the Catholic Bishops of Europe have submitted their thoughts on the upcoming European Year of Skills. General Secretary of the Commission of the Bishops' Conferences of the European Union, Fr. Manuel Enrique Barrios Prieto, joins to tell us more about the document he submitted to the European Commission. Don't miss out on the latest news and analysis from a Catholic perspective. Get EWTN News Nightly delivered to your email: https://ewtn.com/enn
The first in a lecture series on how the administrative state functions in modern American government, presented by the Federalist Society's Regulatory Transparency Project and Capitol Hill Chapter.This first luncheon featured former “regulations czar” Paul J. Ray, who served as President Trump's Office of Information and Regulatory Affairs Administrator (OIRA). As OIRA Administrator, Ray oversaw the review of hundreds of regulations, and led efforts on regulatory reform.The luncheon also featured Boris Bershteyn, a partner at Skadden, Arps, Slate, Meagher, and Flom, LLP. Mr. Bershteyn served as acting Administrator of ORIA in 2012 and 2013. He was also General Counsel of the Office of Management and Budget starting in 2011.Our moderator was Hon. Stephen Alexander Vaden from the United States Court of International Trade. Before joining the bench, Judge Vaden served as General Counsel of the United States Department of Agriculture. During his nearly four-year tenure as head of the Office of General Counsel, the Department won two cases before the United States Supreme Court, relocated and reorganized the agencies that comprise the Department to better serve rural America, engaged in substantial regulatory reform, developed new regulations to allow for the legal sale of hemp and the labeling of bioengineered products, and implemented the 2018 Farm Bill.Featuring:Paul J. Ray, Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation, former OIRA AdministratorBoris Bershteyn, Partner, Skadden, Arps, Slate, Meagher, and Flom, former acting OIRA AdministratorModerator: Hon. Stephen Alexander Vaden, United States Court of International TradeVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.
Erik Brynjolfsson's paper “The Turing Trap: The Promise and Peril of Human-Like Artificial Intelligence” argues that the “imitation game” of creating tech that mimics humans has increased productivity and living standards, but does not exist without costs. Those costs make up “The Turing Trap” which happens when humans not involved in creating AI cannot compete with the productivity and efficiency of the robots designed to do their jobs, and lose control of their economic and political futures. The Turing Trap sits at the center of contemporary labor force struggles, including the Great Resignation, the fight for “good jobs” and cratering male labor force participation. Michael Strain, who directs AEI's Economic Policy Studies, joins Dr. Brynjolfsson and I to discuss what economic policy can do to encourage more innovators aim higher and create machines that augment rather than replace human labor, and how that effort is crucial to the American Dream. Mentioned in the episode https://www.brynjolfsson.com/ (Erik Brynjolfsson) https://www.amazon.com/Utopia-Thomas-More/dp/1512093386 (Utopia Paperback by Thomas More) https://www.amazon.com/Foundation-Isaac-Asimov/dp/0553293354 (Foundation Mass Market Paperback by Isaac Asimov) https://www.amazon.com/Worldly-Philosophers-Economic-Thinkers-Library/dp/1441743669 (Heilbronner's Worldly Philosophers) https://newsinfo.iu.edu/news/page/normal/5075.html (Doug Hofstadter) https://digitaleconomy.stanford.edu/news/the-turing-trap-the-promise-peril-of-human-like-artificial-intelligence/ (The Turing Trap by Erik Brynjolfsson) https://www.aei.org/profile/michael-r-strain/ (Michael R. Strain) https://www.amazon.com/American-Dream-Not-Dead-Populism/dp/159947557X (The American Dream is Not Dead) https://www.city-journal.org/html/when-high-schools-shaped-americas-destiny-15254.html (The High School Movement) https://taxfoundation.org/tax-basics/pigouvian-tax/#:~:text=A%20Pigouvian%20tax%2C%20named%20after,sugar%20taxes%2C%20and%20carbon%20taxes. (Pigouvian Tax) https://taxfoundation.org/tax-basics/consumption-tax/ (Consumption Tax) https://www.investopedia.com/terms/t/taxreformact1986.asp (Tax Reform Act of 1986) https://scholar.harvard.edu/files/mankiw/files/smart_taxes.pdf (Greg Mankiw Pigou Club)
This first luncheon in a series on how the administrative state functions in modern American government featured former "regulations czar" Paul J. Ray, who served as President Trump's Office of Information and Regulatory Affairs Administrator (OIRA). As OIRA Administrator, Ray oversaw the review of hundreds of regulations, and led efforts on regulatory reform.The luncheon also featured Boris Bershteyn, a partner at Skadden, Arps, Slate, Meagher, and Flom, LLP. Mr. Bershteyn served as acting Administrator of ORIA in 2012 and 2013. He was also General Counsel of the Office of Management and Budget starting in 2011.Moderating this event was Hon. Stephen Alexander Vaden from the United States Court of International Trade. Before joining the bench, Judge Vaden served as General Counsel of the United States Department of Agriculture. During his nearly four-year tenure as head of the Office of General Counsel, the Department won two cases before the United States Supreme Court, relocated and reorganized the agencies that comprise the Department to better serve rural America, engaged in substantial regulatory reform, developed new regulations to allow for the legal sale of hemp and the labeling of bioengineered products, and implemented the 2018 Farm Bill.Featuring:- Boris Bershteyn, Partner, Skadden, Arps, Slate, Meagher, and Flom, former acting OIRA Administrator- Paul J. Ray, Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation, former OIRA Administrator- Moderator: Hon. Stephen Alexander Vaden, United States Court of International Trade
Each week, Norm Ornstein and Kavita Patel, talk about the issues facing our country as we head into the midterms and what our leaders are saying and doing about them. We hope you like the show and we'd love to hear your feedback. If you have any comments feel free to send us an email at podcasts@thedsrnetwork.com. On this week's episode, we talk with Michael Strain, the director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute, about where the labor market is and what the recent reports tell us about the economy overall. Learn more about your ad choices. Visit megaphone.fm/adchoices
In the Executive Office of the President is a small office that most people outside the Beltway have never heard of. The Office of Information & Regulatory Affairs (OIRA) reviews agencies' draft regulations, public information requests, surveys, etc. Across administrations - both Republican and Democratic - it has served as a check on excessive administrative zeal. The Joe Biden administration has yet to nominate someone to head the office.Susan Dudley and Paul Ray served as the presidentially appointed administrators of the office in the George W. Bush and Donald Trump administrations, respectively. They shared their perspectives on the importance of this "obscure but powerful" office, and what the lack of a confirmed administrator means for the executive branch and its agencies.Featuring:Susan Dudley, Director, GW Regulatory Studies Center & Distinguished Professor of Practice, Trachtenberg School of Public Policy & Public Administration, George Washington UniversityPaul Ray, Director, Thomas A. Roe Institute for Economic Policy Studies, The Heritage FoundationVisit our website - www.RegProject.org - to learn more, view all of our content, and connect with us on social media.
The Federal Reserve recently announced a 75-basis-point rate hike — the largest since 1994 — in an attempt to curb inflation. The Fed's aim is to thread the needle by cooling the economy just enough to rein in rising prices without inducing a recession. But will the Fed succeed, or is a recession on the horizon? And if an economic downturn is coming, how severe will it be? To answer those questions and get a sense of where the US economy is heading, I've brought my AEI colleague Michael Strain back on Political Economy. Mike is the director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He's also the author of the 2020 book, https://www.amazon.com/American-Dream-Not-Dead-Populism-ebook/dp/B0846QHK7K/ (The American Dream Is Not Dead: (But Populism Could Kill It)).
The gay pride nonsense is out of control. Monty Python called it right decades ago and today people are getting fed up with wokeness garbage. Wake us up when June ends. From the Heritage Foundation Joel Griffith is here, he is the Research Fellow, Financial Regulations, Thomas A. Roe Institute for Economic Policy Studies expert. We discuss inflation and the real causes. Marina Hofman, PhD, author of Women In The Bible Small Group Bible Study https://womeninthebible.info/ and president of Moms For America Palm Beach County at the FPEA Convention in Orlando with Matt Buff and Keith Flaugh, Keith is a Managing Director of Florida Citizens Alliance, which in 4 short years has become a respected advocate for K-12 education reform in Florida, based on the fundamental values and principles of liberty, which Keith pursues with unrelenting passion.John Staddon, author of Science in an Age of Unreason is here to discuss how science is in serious trouble. --- Support this podcast: https://anchor.fm/the-buff-show/support
Joel Griffith is a research fellow in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Joel earned his juris doctor at the Chapman University Dale E. Fowler School of Law, with a dual emphasis in Alternative Dispute Resolution and Federal Income Taxation; he is currently a member of the State Bar of California. At Chapman, he was a charter board member and treasurer of the Investment Law Society, served as a charter member and vice-president of the Chapman chapter of the California Republican Lawyers Association, and competed on both the mock trial and mediation teams. Following law school, Joel managed an equities trading account utilizing market neutral strategies. As an attorney, he worked with Heideman Nudelman Kalik, PC in Washington, D.C. During the 2012 presidential primary season, Joel worked for a campaign as MI state field director, OH state operations director, and WA parliamentarian/assistant delegate strategist. Prior to Heritage, he worked as a researcher for a former member of The Wall Street Journal editorial board. Joel also was Deputy Research Director at the National Association of Counties. Most recently he was Director of the Center for State Fiscal Reform at the American Legislative Exchange Council. Numerous media outlets have featured Joel's written analysis, including The Hill, The Wall Street Journal, Forbes online, Investor's Business Daily, The Washington Times, the Orange County Register, and Times of Israel. He also made appearances on Fox News and Fox Business News. See omnystudio.com/listener for privacy information.
The odds of a U.S. recession are on the rise. Michael Strain, Director of Economic Policy Studies at American Enterprise Institute, joins the podcast to discuss the risks driving a potential recession. Everyone shares their probability of a recession. For more from Michael Strain, follow him on Twitter @MichaelRStrainFollow Mark Zandi @MarkZandi, Ryan Sweet @RealTime_Econ and Cris deRitis on LinkedIn for additional insight.
According to a recent bipartisan report from the American Enterprise Institute and Brookings Institution, the federal budget inadequately addresses children's needs. After three years of work, the group's consensus outlines a range of budget-neutral policy recommendations. Guests: Michael Strain, the Director of Economic Policy Studies at the American Enterprise Institute and one of the working group co-chairs. Lisa Gennetian, Pritzker Professor at the Duke Sanford School of Public Policy and affiliate at Duke's Center for Child and Family Policy, who was a part of the working group. Get show notes, transcript and credits
The COVID-19 pandemic has interrupted supply chains and disrupted the US economy. Production levels are back on track, but the labor force participation rate has remained stagnant since the summer of 2020. And millions of Americans are quitting their jobs in a labor market that was already facing a shortage of workers. What's going on with this "Great Resignation"? And should we brace ourselves for continued inflation as supply line problems drag on and Congress pumps trillions into the economy? To answer those questions and more, I'm joined today by Michael Strain. Mike is the Arthur F. Burns Scholar in Political Economy and the Director of Economic Policy Studies at AEI.
The COVID-19 pandemic unleashed an economic downturn on the United States, forcing workers and businesses to adapt. Now that Americans are getting vaccinated and the country is opening up, what is the state of the US economy? How has the pandemic — and our public policy responses to it — affected the labor market? Has the pandemic brought about new opportunities and entrepreneurship that will boost productivity going forward? Today, Michael Strain returns to the Political Economy podcast to discuss. Mike is the Arthur F. Burns Scholar in Political Economy and the Director of Economic Policy Studies at AEI.
For decades, polling has shown that the public trusts Democrats – and their more liberal-minded policy ideas – far more than Republicans when it comes to education. Now, one nationally celebrated conservative education thinker thinks he can change that. “Conservatives are actually much better positioned than liberals to take the lead on this issue,” says Rick Hess, Director of Economic Policy Studies at the American Enterprise Institute. Hess launched “A New Conservative Education Agenda” – a project to compile innovative, conservative education reform ideas. He gives us the rundown of why education policy went from relatively unified to contentious in America, some of the best ideas from AEI's conservative agenda, and whether conservatives truly can take the lead on this vital issue. Photo by Jeswin Thomas on Unsplash
In an effort to give unserved communities internet access, some state and local governments have launched municipal broadband networks. But when City Hall controls the market for a key good like broadband, competition suffers, and consumers are worse off. Is it possible to pre-empt state municipal broadband laws at the federal level, and would sweeping preemptions survive judicial scrutiny? https://www.phoenix-center.org/LJSFullCVSeptember2020.pdf (Larry Spiwak), President of the https://www.phoenix-center.org/ (Phoenix Center for Advanced Legal and Economic Policy Studies), and https://www.phoenix-center.org/FordVita2020.pdf (George Ford), the Phoenix Center's Chief Economist, recently helped author a report titled, http://www.fclj.org/wp-content/uploads/2020/09/MunicipalBroadbandArticleFINAL.9.2.20.pdf (“The Law and Economics of Municipal Broadband,”) which outlined the legal and economic ramifications of municipal broadband programs. On this episode of “Explain to Shane,” Larry, George, and https://www.aei.org/profile/shane-tews/ (Shane) discuss alternatives to municipal broadband programs that would help keep Americans connected.
Over the past five years, Americans have become more pessimistic about the nation's economic future. We've weathered two recessions and now a pandemic that has put millions out of work. For some, these events have been a sign that free markets aren't all they are cracked up to be and that stronger government interventions are needed. But does the data support this view? Brent talks to https://www.aei.org/profile/michael-r-strain/ (Michael Strain), a Resident Scholar and Director of Economic Policy Studies at the American Enterprise Institute, as well as the author of “https://www.aei.org/research-products/book/the-american-dream-is-not-dead-but-populism-could-kill-it/ (The American Dream is Not Dead: (But Populism Could Kill It))”, about what the data tell us is really going on with employment, wages, and intergenerational economic mobility.