Tag Archives: marriage

If Donald Trump supercharges economy, who will benefit?


It is an ambitious goal. The economy has averaged only 2.1 percent annual growth since 2009, and the central challenge, economists say, is not policy so much as the fact that more mature economies grow more slowly.

Yet even if Trump were to fuel a faster expansion than President Obama, there are questions about what that would feel like for American households.

By Mr. Trump’s reckoning, a thriving economy lifts all workers – and that has been true in the past, most recently during the 1990s. But many economists counter that the Reagan-era economic mantra Trump is adopting has been a […]

The American Dream Needs a Comeback


Most Americans and many people seeking to become citizens of the United States are familiar with the phrase “the American Dream.” Many people have achieved it. Others have failed and some haven’t been able to experience even a glimpse of this dream due to a variety of circumstances. One of those “circumstances” is eight years of Barack Obama and his failed economic policies. So as he heads for the exit, it’s worth considering just how much help is needed for the American Dream.

The American Dream is collapsing for young adults (a.k.a. Millennials). A new study conducted by Raj Chetty […]

Upward Mobility and Discrimination: Asians and African Americans

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Asians in America faced heavy discrimination and animus in the early twentieth century. Yet, after institutional restrictions were lifted in the late 1940s, Asian incomes quickly converged to white incomes. Why? In the politically incorrect paper of the year ( ungated ) Nathaniel Hilger argues that convergence was due to market forces subverting discrimination. First, a reminder about the history and strength of discrimination against Asians: Foreign-born Asians were barred from naturalization by the Naturalization Act of 1790. This Act excluded Asians from citizenship and voting except by birth, and created the important new legal category of “aliens ineligible […]

How Strong Families Help Create Prosperous States

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Economics has its roots in the Greek word oikonomia , which means the “management of the household.” Yet economists across the ideological spectrum have paid little attention to the links between household family structure and the macroeconomic outcomes of nations, states, and societies. This is a major oversight because, as a new report from the Institute for Family Studies and the American Enterprise Institute shows, marriage and family patterns are important factors in states’ economic performance.The report, Strong Families, Prosperous States: Do Healthy Families Affect the Wealth of States? , was authored by […]

Hillbilly Elegy by JD Vance review – does this memoir really explain Trump’s victory?

A sign in Columbiana County, Ohio, shows support for Donald Trump on the day of the US presidential election.

A sign in Columbiana County, Ohio, shows support for Donald Trump on the day of the US presidential election. Photograph: Ty Wright/Getty Images Some books stand alone, while others are almost impossible to assess outside the political and cultural debates of their time. In June 2016, a few months before the US election, a young Silicon Valley investment manager published a workmanlike memoir, which has become a No 1 New York Times bestseller. JD Vance had grown up poor in rust-belt Ohio, in a family that was, by his account, highly dysfunctional. His book describes how he transcended severe […]

Strong, stable families are foundations for prosperity


Inequality, social mobility, and economic opportunity animate so much of our politics. Just check the headlines. These issues are increasingly characterized not only as economic and political issues but also moral ones.

Yet for all of the ink spilled about the need for a fairer and more just society, the prevailing solution seems to be more redistribution.

There are limits to redistribution however. Not only can it become an impediment to economic growth, it can soon amount to little more than a wealth reshuffling that fails to create the conditions for broad-based opportunity.A real opportunity agenda would start with the family. […]

Maryland’s Misguided Foray Into Student Loan Forgiveness


My home state of Maryland has launched a new scheme to encourage home buying and help young people pay back their student loans. What’s not to love? Actually, quite a bit.

Here are the nuts and bolts of the program, called “SmartBuy.” Maryland’s Department of Housing and Community Development has several homes for sale. If an individual with student loan debt buys one, Maryland taxpayers will refund up to 15% of the home’s purchase price, a sum which must be applied towards the buyer’s student debt. SmartBuy participants must then occupy the house for at least five years.

The median purchase […]

Upward Mobility and Discrimination: Asians and African Americans

test-scores

Asians in America faced heavy discrimination and animus in the early twentieth century. Yet, after institutional restrictions were lifted in the late 1940s, Asian incomes quickly converged to white incomes. Why? In the politically incorrect paper of the year ( ungated ) Nathaniel Hilger argues that convergence was due to market forces subverting discrimination. First, a reminder about the history and strength of discrimination against Asians: Foreign-born Asians were barred from naturalization by the Naturalization Act of 1790. This Act excluded Asians from citizenship and voting except by birth, and created the important new legal category of “aliens ineligible […]

Mr. President: A Healthy Marriage Culture is Vital to America’s Success

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This morning, our votes have been cast and counted, and the contentious nature of the election season at least is hopefully nearly behind us. Some of us went to bed knowing the results, while others woke up to the news that Donald J. Trump is our next president. Regardless of how we may feel about that news, the work of our nation must continue, most importantly finding a way to heal the rifts that threaten to keep us divided. Throughout the presidential campaign, we’ve heard considerable debate about which candidate would best improve […]

Mr. President: A Healthy Marriage Culture is Vital to America’s Success

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This morning, our votes have been cast and counted, and the contentious nature of the election season at least is hopefully nearly behind us. Some of us went to bed knowing the results, while others woke up to the news that Donald J. Trump is our next president. Regardless of how we may feel about that news, the work of our nation must continue, most importantly finding a way to heal the rifts that threaten to keep us divided. Throughout the presidential campaign, we’ve heard considerable debate about which candidate would best improve […]