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AEI's weekly digest of top commentary and scholarship on the issues that matter most

The Price of Russian Victory

Trump Can’t Let Putin Seize Ukraine’s Resources

December 21, 2024

Beyond the political and moral stakes, the war in Ukraine will also decide who controls the $26 trillion in strategic natural resources that make Ukraine one of the world’s mineral superpowers. AEI Senior Fellow Marc A. Thiessen explains why President-elect Donald Trump cannot allow Vladimir Putin to claim this bounty.

 

 

Trump and his allies have voiced concern about the cost of aid to Ukraine as they weigh their policy toward the war. In new analysis for Foreign Affairs, former senior Defense Department official and AEI Senior Fellow Elaine McCusker demonstrates why a Russian victory would cost the US far more in the long run than would its current commitments to Ukraine.

 

In an essay assessing the state of democratic capitalism, AEI Economic Policy Studies Director Michael R. Strain warns that while the economy is healthy, ill-conceived industrial policy and fiscal irresponsibility are the two biggest threats to American prosperity.

 

As Trump staffs his administration, his nominees have more congressional experience than any other post–World War II administration. AEI congressional expert Philip Wallach and Jaehun Lee break down the data on these picks and explain Trump’s rationale.

The most important domestic legislative priority for 2025 will be the renewal of many of the provisions of the 2017 Tax Cuts and Jobs Act. In the first of a two-part series previewing this legislation, AEI President Robert Doar speaks with tax expert and AEI Senior Fellow Kyle Pomerleau about the policies at stake.

 

AEI This Week will be off for the holidays but will resume on January 11.

World Agricultural Crop Production over the Past Six Decades: A Miracle of Science, Technology, Innovation, and Entrepreneurship

In the past six decades, agricultural productivity and global crop production have dramatically increased, confounding dire predictions that food supply would fail to keep up with population growth. In a new AEI report, AEI Nonresident Senior Fellows Vincent H. Smith and Barry K. Goodwin document and explain this success across six major agricultural staples. They find that public and private investments in agricultural research and development (R&D) have allowed these crops to supply 80 percent more calories per person in 2022 compared to 1961, mainly through hybridization, genetic modification, and precision agriculture. These productivity gains have been reinforced by substantial expansions in the amount of land harvested, belying fears that climate change would severely constrain arable land. However, ill-advised public policies, like cuts in R&D funding or bans on genetic modification, could severely limit the ability to sustain and increase production of these crops.

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QUOTE OF THE WEEK

The trade deficit is not a threat to U.S. growth and prosperity, and we don’t need more tariffs to try to reduce it. Conversely, the federal budget deficit is a threat to U.S. growth and prosperity—and that’s what Trump needs to cut.

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