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AEIdeas 06/12/2019 12:29
This week, House Armed Services Committee Ranking member Rep. Mac Thornberry, R-Texas, has fired the first legislative shot to address this failure. On the surface, the bill looks like a list of punishments handed out to the Pentagon for sluggishness in implementing the reforms of the past four years. However, the Pentagon should view Rep. Thornberry’s Continuing Acquisition Reform legislation as an olive branch. The bill aims to build an acquisition system built on mutual trust, which will develop better weapons at lower cost and in time to make a difference for U.S. war fighters. Rep. Thornberry is telling the Pentagon: “Help me help you! Help me help you!”
AEIdeas 06/12/2019 11:54
Jason Delisle's testimony examines broad trends in student debt and repayment patterns; discusses the limited statistics on medical school tuition and debt increases in recent years; addresses the federal Income-Based Repayment program, which has allowed high-debt, high-income borrowers to reduce their repayment burdens at substantial cost to the government, and Public Service Loan Forgiveness, which can create large taxpayer-funded incentives to doctors who do not open their own practices and instead work for non-profit entities; and suggests next steps for Congress to take on student debt.
AEIdeas 06/12/2019 09:48
This is a strange time to be debating whether capitalism is broken, at least in the United States. The economy has added jobs every month since October 2010 for a total of over 20m net new payroll jobs. The unemployment rate is below 4%, lower than it has been since 1969. Wage growth is finally [ ... ]
AEIdeas 06/12/2019 07:00
The following essay is an abbreviated version of written testimony that W. Bradford Wilcox submitted to the U.S. House Ways and Means Committee for the Worker and Family Support Subcommittee Hearing, "Celebrating Fathers and Families: Federal Support for Responsible Fatherhood," which was held on June 11, 2019.
AEIdeas 06/11/2019 16:42
Henry Olsen, a pal and former colleague, offers in his Washington Post column a useful contribution to the important debate happening on the right over the relative importance of free markets and free enterprise. Olsen criticizes NR’s recent issue, “In Defense of Markets,” for inadequately grappling with the problems markets cause. He criticizes me as [ ... ]
AEIdeas 06/11/2019 15:57
Trade restrictions mean most directly fewer imports from overseas, and thus fewer dollars sent overseas in exchange for foreign goods and services. That artificial reduction in the overseas supply of dollars will yield, other factors held constant, an increase in the exchange value of the dollar, and thus reduced competitiveness for other US exports in foreign markets. Driven by market incentives to reduce costs, trade of crude oil and refined products among the three economies is about 6.7 million barrels per day; of natural gas, about 14.8 billion cubic feet per day; and of electricity, about 205.6 gigawatt hours per day. An example of the efficiencies yielded by these trade flows is the U.S. importation of (cheaper) heavy crude oils (not.
AEIdeas 06/11/2019 14:41
In the June issue, we look at polling on two controversial current topics: The idea of impeaching President Donald Trump, and the legality of abortion in different circumstances. Fifty years after Apollo 11 took men to the moon for the first time, we also look back at Americans’ attitudes about the moon landing and the space program.

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