By Vaclav Smil
By Desmond Lachman
What’s New on AEI
Six charts that show one issue largely missing from the public conversation about economics in America: an honest discussion of the family factor.
Texas oil production in August topped 3M barrels/day for the fourth month, as the Lone Star State produced 37% of all US oil
Texas produced another record-setting level of crude oil in August of more than 3 million barrels per day. Thanks to the “made-in-America” revolutionary drilling techniques of hydraulic fracturing and horizontal drilling that have accessed oceans of shale oil in Texas, the state is now producing 37% of all US crude oil.
Ebola disease will never become epidemic in the U.S. But the prospects of larger and more frequent outbreaks seem highly likely and call for clear direction from state and federal governments on quarantine regulation.
The Harvard Institute of Politics poll shows that Obama’s job approval among millennials has fallen from 47 percent in April to 43 percent today.
As a general rule, the GOP candidates have been less clear on what they would favor to replace the ACA. There are, however, a couple of notable exceptions with credible alternatives.
NC’s Senate race has become the most expensive Senate race in US history. This is fitting, given how much in government goodies Democratic Sen. Kay Hagan’s donors and family have at stake.
Housing policy needs to be refocused on strengthening household balance sheets, especially by making borrowers more resilient to home price declines. The new Wealth Building Home Loan developed at the American Enterprise Institute does exactly that.
Ebola may not be a widespread health crisis in the United States just yet, but it is creating a crisis of another kind — a crisis of confidence in the competence of the federal government.
Though the Federal Reserve now publishes the Federal Reserve Board members’ forecasts for the future path of a key Fed-set interest rate, historically, these Fed forecasts have not predicted the rate especially well. This suggests that the Fed’s new push towards transparency should be met with at least some measure of skepticism.
The Communist Party is cracking down on foreign companies to consolidate power. These illiberal actions will weaken China in the long-run.
Net neutrality advocates in the U.S. are only giving you part of the picture, and making the future look far more grim than it really is. We should call “Internet Slow Down Day” “Internet Reality Check Day” instead.
Much of what we hear about the plight of American women is false. Some faux facts have been repeated so often they are almost beyond the reach of critical analysis. Though they are baseless, these canards have become the foundation of Congressional debates, the inspiration for new legislation and the focus of college programs.