Arthur C. Brooks

In The Battle: How the Fight between Free Enterprise and Big Government Will Shape America's Future (Basic Books, June 2010), AEI president Arthur C. Brooks outlines a new culture war over two competing visions of America. In one, America continues as a unique and exceptional nation organized around the principles of free enterprise. In the other, America moves toward a European-style social democracy characterized by increasing bureaucracies, income redistribution, and government control of corporations. [READ MORE]

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How will the new health care law affect those who must pay for it? At this AEI event, panelists will discuss the costs and consequences of the health reform bill and its impact on U.S. economic growth, federal and state government budgets, labor-market decisions, and private health insurance coverage. Over lunch, Indiana governor Mitchell E. Daniels Jr. will discuss the impact of the new federal law on health care market reforms at the state level--where officials face severe fiscal pressures--including the management of the state's Medicaid program. [READ MORE]

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The Political Lessons of Depression-Era Banking Reform
By Charles W. Calomiris
Oxford Review of Economic Policy, April 2010

The primary motivations for the bank regulatory reforms in the 1930s were to preserve unit banking and the real bill doctrine. Unfortunately, additional efforts to reduce the independence of the Fed resulted in the opposite effect. In this paper, AEI visiting scholar Charles W. Calomiris (Columbia Business School) discusses the adverse effects associated with bank regulation and how policymakers should respond to future crises. [READ MORE]

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The annual meeting of the American Society of Clinical Oncology in Chicago demonstrated the progress scientists have made in understanding our immune system and developing superior medicines to fight cancer. AEI resident fellow Scott Gottlieb, M.D., argues that while advancing medicine will always be a lengthy, iterative process, recent developments demonstrate a significant improvement in the speed and accuracy of developing new drugs. [READ MORE]

Slouching toward Athens
By Arthur C. Brooks
Wall Street Journal, June 5, 2010

AEI president Arthur C. Brooks warns the public about the consequences of a growing public sector and an increase in income redistribution policy. Looking to Greece as an example, Brooks argues not only that private sector workers will bear a tax burden in the future, but also that new, higher-paid government jobs will stifle entrepreneurship and economic growth. [READ MORE]

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AEI Press, July 2010

Foreign-born workers make up nearly 16 percent of today's U.S. workforce and account for almost half of workforce growth over the last decade. Unfortunately, recent immigration reforms have resulted in an inefficient, patchwork system that shortchanges high-skilled immigrants and poorly serves the American public. In Beside the Golden Door, Pia M. Orrenius, senior economist at the Federal Reserve Bank of Dallas, and Madeline Zavodny, professor of economics at Agnes Scott College, propose a more selective immigration policy that favors high-skilled workers and protects the interests of American citizens in an increasingly global economy. [READ MORE]

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