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

INSIGHTS

Inflation, China, and
critical race theory

Saturday, July 24, 2021  

Welcome to our weekly roundup of AEI's most important and thought-provoking work. This week, the pressing issues our scholars tackled included inflation, China, and critical race theory. 

 

Writing in The New York Times, Michael Strain warns that with inflation at its highest level in over a decade, Americans should be wary of the White House's newest $4 trillion economic plan. Unlike the bipartisan infrastructure plan deal, which would strengthen long-term productivity, Strain argues that the Joe Biden spending plan would increase consumer demand without expanding supply. The result would be higher prices, hurting lower-income Americans and threatening the economic recovery.

 

Abroad, Dan Blumenthal provides a revealing overview of China's strategy to shape a new world order. While President Xi Jinping has established a sophisticated strategy to match or overtake the United States, Xi nevertheless faces serious obstacles. America has the capacity to prevent Beijing from re-creating Asia in its own image, Blumenthal writes, but to do so we must work with the growing number of Asian countries that share our concerns about a Sino-centric world order.

 

Elsewhere on our Foreign and Defense Policy Studies team, Kori Schake considers the significance of a recent testimony delivered by Gen. Mark Milley, chairman of the Joint Chiefs of Staff. Writing in The Atlantic, Schake suggests that by offering his judgment about the motives of those who attacked the Capitol on January 6, Gen. Milley took the latest step in the continued erosion of relations between America's armed forces and civilian leadership.

 

The general's comments were indicative of America's ongoing debate about critical race theory. Pushing back against its precepts, and particularly the 1619 Project, is 1776 Unites, a coalition of Black scholars and activists including AEI's Ian Rowe. Writing in Deseret News, Rowe explains the initiative's purpose: "The grievance-obsessed voices some hear in media and in schools today do not speak for multitudes of Black Americans, and 1776 Unites exists to give a platform to those who reject victimhood and instead seek to focus on solutions to our most pressing societal problems."

RESEARCH SPOTLIGHT

Biden's reforms to the tax treatment of US multinational corporations: The knowns and unknowns

The Joe Biden administration has proposed significant changes to the tax treatment of US multinational corporations. Kyle Pomerleau analyzes the proposal in a new AEI report, writing that the administration's plan would raise the overall tax burden on corporations and move the US corporate income tax closer to a "worldwide" or residence-based system. While not a revolutionary shift, Pomerleau writes, such a proposal would change incentives for businesses and could reduce investment within the United States.

More from AEI
RESEARCH AND WRITING

US-China: Maybe breaking up is not so hard after all

Claude Barfield
AEIdeas

Expand Medicare? How about we fix it first?

James C. Capretta
The Dispatch

$3.5 trillion is just the beginning

Matt Weidinger
AEIdeas

Deception is the biggest threat to American security

John G. Ferrari and Hallie Coyne
RealClearDefense

The woke threat to philanthropy

Naomi Schaefer Riley
The Wall Street Journal

PODCASTS AND VIDEOS

Chris Stirewalt on the state of American news media

Robert Doar, Phoebe Keller,
and Chris Stirewalt
"Banter"

What is Havana syndrome?

Marc A. Thiessen, Danielle Pletka, and Catherine Herridge
"What the Hell Is Going On?"

Did capitalism cause the opioid epidemic?

James Pethokoukis and Ed Glaeser
"Political Economy"

'Privacy by design': How to engineer better data governance

Shane Tews and Nishant Bhajaria
"Explain to Shane"

Chris Christie on the future of the GOP

Chris Stirewalt and Sarah Isgur
"The Dispatch Podcast"

quote of the week