Economic Policy
Republican Senators Make the Case That Biden-Era Spending Is Fueling Regressive, Sticky Inflation
At a joint press conference, a group of Republican senators and governors argued that a confluence of factors — $1.9T in COVID relief spending, proposed $7.1T in additional outlays, Federal Reserve balance sheet expansion, and labor market disincentives — are driving inflation well beyond the "trans…
AI-Driven Productivity and the Invest America Act
AI is set to deliver unprecedented productivity gains, potentially exceeding those from PCs and the Internet, driving economic growth and efficiency across industries. Concurrently, the Invest America Act aims to address wealth inequality by providing every child with a seeded investment account, fo…
Challenging the Narrative of Scientific Progress and Economic Growth
The conventional wisdom that scientific progress and economic productivity are consistently accelerating is challenged by evidence suggesting a decline in per-person scientific productivity and Total Factor Productivity (TFP) growth. While resources and personnel in science have increased dramatical…