Nouriel Roubini

Americans are living in the wake of the great credit bubble of the twenty-first century. They have experienced the crisis of its collapse, massive increases in government intervention and debt, and now more uncertainty. What’s next? Are we in for a long slog, or will the economy rebound? What will happen to housing prices, mortgage defaults, commercial real estate, the banking system, and post-bubble Europe? Will we have defaults on sovereign debt? Deflation? How big will the Fed’s balance sheet get? What steps should be taken now? These and related questions will be discussed by our panel of economic and financial experts, including AEI's Desmond Lachman and John H. Makin, and New York University Stern School of Business professor Nouriel Roubini. [READ MORE]

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All 2,300 pages of the Dodd-Frank Act are now law, representing a vast regulatory expansion. At this event, a panel of experts with widely different perspectives, including Adam Levitin of the Georgetown University Law Center and Todd J. Zywicki of George Mason University School of Law, will discuss the legislation and its effects on financial institutions and regulators, as well as consumers and small businesses. [READ MORE]

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Shifting Risk to Create Opportunity: A Role for Performance Guarantees in Education
By Bryan C. Hassel and Daniela Doyle
AEI Future of American Education working paper, July 2010

In the latest AEI Future of American Education working paper, education policy consultants Bryan C. Hassel and Daniela Doyle of Public Impact explain that while many school districts are hesitant to hand over schools and school functions to outsiders, the Obama administration's goal of reforming five thousand of the nation's lowest-performing schools in the next five years would benefit from the services of independent educational entrepreneurs. [READ MORE]

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Theoretical physicist and cosmologist Stephen Hawking claims in his latest book that the laws of physics created the universe. AEI resident scholar and philosopher Roger Scruton responds that the question of what created the laws of faith is either beyond the limits of human thought or answered by faith -- which may ultimately represent the same answer. [READ MORE]

Among the items on the Senate's to-do list after the November elections is a "paycheck fairness" bill, which is predicated on the wage gap between men and women. As AEI resident scholar Christina Hoff Sommers explains, however, the bill is not as commonsensical as it might seem. [READ MORE]

Obamanomics Meets Incentives
By Robert J. Barro
Wall Street Journal, September 14, 2010

AEI visiting scholar Robert J. Barro evaluates how the Obama administration makes decisions about economic and fiscal policy. He argues that the current administration should shift away from programs based on Keynesian reasoning and toward policies that emphasize favorable economic incentives. [READ MORE]

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AEI Press October 2010

Studies of wage and income inequality among U.S. citizens over the past thirty years have engendered the common wisdom that the rich are getting richer and the poor are getting poorer. But is it really that simple? In this meticulous economic study, Orazio P. Attanasio of University College London, Erich Battistin of the University of Padova, and Mario Padula of the University Ca'Foscari in Venice contend that the evolution of income and wage inequalities offers only a partial picture of changes in prosperity in recent decades. The authors conclude that although inequality as measured by consumption has increased, that increase is not as large as when inequality is measured by income and wages alone. [READ MORE]

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