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Michael R. Strain

Michael R. Strain

Writing for PS since 2022
8 commentaries

Michael R. Strain, Director of Economic Policy Studies at the American Enterprise Institute, is the author, most recently, of The American Dream Is Not Dead: (But Populism Could Kill It) (Templeton Press, 2020).

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  1. The Republicans Lose with Trump
    strain_Win McNameeGetty Images_trump Win McNamee/Getty Images

    The Republicans Lose with Trump

    Nov 11, 2022 Michael R. Strain urges the party to draw the right conclusions from its lackluster performance in the US midterm elections.

  2. Growth Beats Grievance
    strain6_Ian ForsythGetty Images_liz truss Ian Forsyth/Getty Images

    Growth Beats Grievance

    Oct 14, 2022 Michael R. Strain thinks UK Prime Minister Liz Truss’s overall economic-policy approach marks a welcome break with populism.

  3. America’s Education Emergency
    strain5_(Kent Nishimura  Los Angeles Times via Getty Images_school Kent Nishimura / Los Angeles Times via Getty Images

    America’s Education Emergency

    Sep 26, 2022 Michael R. Strain calls for urgent action to make up for pandemic learning loss in light of dismal new test scores.

  4. What’s Hollowing Out the US Workforce?
    strain4_Spencer PlattGetty Images_now hiring sign Spencer Platt/Getty Images

    What’s Hollowing Out the US Workforce?

    Aug 22, 2022 Michael R. Strain worries that the US labor market’s participation rate is continuing its long downward march.

  5. Cap Russia’s Oil Price Now
    strain3_Patrick Pleulpicture alliance via Getty Images_russianoil Patrick Pleul/picture alliance via Getty Images

    Cap Russia’s Oil Price Now

    Jul 21, 2022 Michael R. Strain touts a US-backed plan that would sustain output while denying the Kremlin money for its war machine.

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  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images

    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images

    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

    reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images

    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

    sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images

    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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