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

the party of coolidge?

The Return of the Old American Right

Saturday, April 16, 2022  

This week, AEI’s scholars contributed important pieces about conservatism’s past and present, Russia’s strategy against Ukraine, the ultimate cost of inflation, and other major concerns facing our country.

 

Matthew Continetti analyzes the surprising similarities between today’s GOP and the Republican Party of 100 years ago. “In its protectionism, resistance to immigration, religiosity, and antipathy to foreign entanglements,” Continetti writes, “Donald Trump’s Make America Great Again movement resembles the conservatism of the 1920s.” The piece is adapted from Continetti’s new book, The Right: The Hundred-Year War for American Conservatism (Basic Books), which will be available on April 19.

In a new report as part of the Continuity of Government Commission, John C. Fortier, Norman J. Ornstein, and their coauthors recommend ways to maintain the effective functioning of Congress after a catastrophic event. The centerpiece of their proposal is a constitutional amendment that would permit temporary appointees, each drawn from a list provided by each House member, to replace deceased and incapacitated representatives.

 

Among the many surprises regarding Russia’s attack on Ukraine is that Vladimir Putin’s aggression has not included cyberattacks. Klon Kitchen considers possible reasons behind this decision and advises us to recognize that despite their absence in the current war, “cyber operations are a critical part of modern warfare that pose a serious threat to international peace.”

 

Robert Pondiscio questions the effectiveness of “diversity, equity, and inclusion” initiatives. “To call diversity a strength is more than a pleasant homily; it is a core civic value embraced by large majorities of our people,” he writes. “But what if we’re doing it wrong?” Similarly, in the latest report for AEI’s Conservative Education Reform Network, Kimberly Hermann of the Southeastern Legal Foundation explains why critical race theory must be fought in the court of law and the court of public opinion. 

Desmond Lachman warns
 that the record-breaking March inflation numbers might herald an impending recession. While the Federal Reserve may soon take steps to control inflation, he says, “the Fed will be forced to do so at a time that we are experiencing an equity, housing, and credit market bubble that very likely will not be able to withstand a shift towards a more hawkish Fed monetary policy stance.”

RESEARCH SPOTLIGHT

Moving to Density: Half a Century of Housing Costs and Wage Premia from Queens to King Salmon

In the latest AEI Economic Policy Working Paper, Stan Veuger and his coauthors explain why American workers aren’t moving to the most productive places in the country. Their research shows that moving into a city actually reduces the net wages of workers without a college degree but offers a significant but diminishing premium to college-educated workers. Extending this analysis to cross-state migration throughout America, they find that native-born workers, especially those without college degrees, who move to another state have become less likely to live in the most prosperous areas. What’s to blame? The coauthors point to rapidly rising housing costs and the diminishing wage premium for all urban workers. 

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