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Highlights from the Old Parkland Conference

A Historic Gathering

July 2, 2022

This past May, AEI's Ian Rowe joined Jason Riley, Glenn Loury, and Shelby Steele to organize the Old Parkland Conference in Dallas, Texas. This historic gathering assembled an outstanding roster of scholars, leaders, and practitioners to explore alternative solutions for the economic and social advancement of black Americans. AEI is proud to share our video highlights from the conference.

 

 

The claim that US wages have stagnated for decades has become conventional wisdom among many economists. Michael R. Strain contends that more accurate measures show compelling evidence to the contrary—and significant growth in real income.

 

Mark Jamison argues that critics' case against Big Tech rests on incoherent and contradictory premises.

 

As the US housing market weakens, AEI Housing Center Director Edward J. Pinto assessed the situation on AEI's Banter podcast. Just this past week, an article in Fortune prominently featured Pinto and the Housing Center's work on the market's slowdown.

 

J. Joel Alicea hails the Dobbs v. Jackson Women's Health Organization decision as a victory for originalism, the legal philosophy he says has united conservatives for the past 50 years. "The goal of overruling Roe and Casey bound the conservative political movement to the conservative legal movement," Alicea writes, "and originalism was their common constitutional theory."

 

Writing in City Journal, Naomi Schaefer Riley rejects racially charged, false, and outdated narratives that disparage adoption. Adoption, she says, is "a viable and even empowering option" for mothers who bear a child they cannot raise.

 

Finally, Elisabeth Braw's latest report explains how the unpredictable risks of geopolitical confrontation could soon make many international business activities uninsurable.

 

 

The Impact of the COVID-19 Pandemic on Global GDP Growth

In a pathbreaking AEI Economic Policy Working Paper, AEI's Steven B. Kamin and coauthors Joseph Gagnon and John Kearns provide one of the first analyses of the COVID-19 pandemic's impact on global gross domestic product (GDP) during 2020 and 2021. Aggregating data from 90 countries, Kamin, Gagnon, and Kearns find that while the countries' COVID-19 fatalities did not severely affect their GDPs, changes in the stringency of their lockdown restrictions did. They also observe that the collapse of global trade during the first half of 2020 significantly affected developing countries' economies, in addition to global economic activity. Correspondingly, they find that the 2021 rebound in global GDP resulted from easing lockdown measures and resuming international trade. Finally, the coauthors identify the problem of "economic contagion" during the COVID-19 pandemic, through which globalization makes each country more vulnerable to economic spillover effects from elsewhere.

 

 

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QUOTE OF THE WEEK

America's founding and governing documents—the Declaration of Independence, the Constitution, the Bill of Rights and the other constitutional amendments—are the tools of national betterment, the mechanisms for national repair and renewal.

Ian Rowe