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

Historic Changes in Education Policy and Public Opinion

Which Party Will Voters Trust on Education?

September 24, 2022

The fall 2022 issue of AEI's National Affairs, a quarterly journal of public policy, is out now. Nat Malkus headlines the issue with a comprehensive article on the education policy debate and the changing landscape of public opinion. "It seems that just as education's salience with voters is rising," writes Malkus, "Democrats' advantage is dissolving."

 

 

Also in AEI's National Affairs, Jenna Silber Storey and Benjamin Storey consider the opposing attitudes about free speech in American society. Synthesizing both sides, the coauthors envision a balanced form of civil discourse rooted in the classical tradition of political speech.

 

Several states, including California, will tax residents' canceled student debt. Alex Brill and Grant M. Seiter estimate these states' new tax revenues.

 

In the latest report for AEI's "Sketching a New Conservative Education Agenda" series, Stig Leschly proposes new accreditors for new opportunity-oriented colleges. According to Leschly, monitoring new nonprofit "startup colleges," which emphasize innovation and economic mobility, will require specialization.

 

Writing in Foreign Affairs, Nicholas Eberstadt and Evan Abramsky warn that America's declining educational performance poses a national security threat, as we lose a crucial advantage that we have long taken for granted. Eberstadt and Abramsky say America's skilled workforce will soon be smaller than those of rising powers, such as China and India.

An Expanded and Updated Analysis of the Federal Debt's Effect on Interest Rates

In the latest AEI Economic Perspectives report, Mark J. Warshawsky and John Mantus revise past estimates of the relationship between federal debt and deficits and long-term interest rates. Warshawsky and Mantus find that 10-year interest rates rise 4.5 basis points for every 1 percentage point increase in the ratio of federal debt to gross domestic product. The coauthors explain that this is a more significant relationship than other scholars have found before; moreover, the Congressional Budget Office uses an estimate of 2 basis points for every 1 percentage point rise to gauge the impact of deficit spending on interest rates, possibly leading to underestimation of consequences. In conclusion, Warshawsky and Mantus find that growing government debts mean long-term interest rates are likely to rise higher than predicted.

 

 

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QUOTE OF THE WEEK

The facade of the Justice Department building reads, 'Law alone can give us freedom.' I have known those words for a long time. And to me, they are the key to how our nation has resolved crises, from the Whiskey Rebellion to the Civil War, from the 'revolution by law' of the Civil Rights Movement to the successful reduction in crime in America's cities in the late 1990s.

The lesson from our history is simple: The rule of law makes liberty and prosperity possible.

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