To view this email as a web page, click here

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

A Shortage of Sophisticated Microchips

Why Russia Lacks “Smart” Weapons

October 1, 2022

Writing in the Wall Street Journal, Chris Miller explains why Russia has not used more precision-guided “smart” munitions in its invasion of Ukraine. The answer, Miller says, lies in not only a mere shortage of advanced components but also Russia’s dearth of high-tech innovation and industry.

 

 

As the Pentagon struggles to muster matériel, Mackenzie Eaglen and William C. Greenwalt argue that multiyear procurement contracts—instead of the current yearly procurement negotiations—could cut costs and stabilize the Armed Forces’ supply of vital equipment. “Contractors need stability to produce systems at meaningful rates for sustained periods of time,” write Eaglen and Greenwalt.


Andrew G. Biggs disputes popular claims that Social Security payments leave retirees just above the poverty line. According to Biggs, Social Security benefits are generous but not well targeted at the retirees most in need.

 

Permanent expansions in unemployment benefits have become a facet of federal policymaking as generations of lawmakers have attempted to plan for future recessions. Matt Weidinger illustrates how this costly trend started and why it is unlikely to stop.

 

Writing in the Dispatch, Jonah Goldberg challenges the growing embrace of “Old World conservatism” by some on the American right. He contends that these “populist, corporatist, nationalist” ideas have more in common with forms of American progressivism than with the traditions of the founding.

AEI Housing Market Indicators, September 2022

In the latest AEI Housing Market Indicators update, Edward J. Pinto and Tobias Peter analyze the AEI Housing Center’s data from September 2022. Pinto and Peter report that home price appreciation (HPA), which peaked at 17 percent year-on-year in March 2022, continues to decline as interest rates rise. For September 2022, they found an HPA of 10.5 percent year-on-year and projected that it will decline further as the year ends. They also found evidence of the increasing burden of inflation on lower-income homeowners because their spending slowed. Pinto and Peter noted that the housing supply remained strong and above seasonal levels.

 

 

More from AEI
RESEARCH AND COMMENTARY

The $101,000,000 iPhone

Bret Swanson
AEIdeas

President Biden’s Student Loan Forgiveness: The Impact on Individuals’ State Taxes

Alex Brill and Grant M. Seiter
AEIdeas

Nord Stream Leaks Underline Gray-Zone Risks

Elisabeth Braw
Defense One

All the News That Gives You Fits

Christine Rosen
Washington Free Beacon

Biden’s Rule-Breaking Integrity Official

M. Anthony Mills and Ian R. Banks
Wall Street Journal

PODCASTS AND VIDEOS

Rethinking Asian Development and Democracy: A Conversation with Dan Slater and Joseph Wong

Dan Slater
AEI event

A Conversation with Sen. Tim Scott (R-SC) on His New Book and AEI’s FREE Initiative

Ian Rowe
AEI event

Effectively Managing Cyber Challenges in the Public and Private Sectors

Shane Tews and Jason Blessing
Explain to Shane

Why Are We in the “Danger Zone” with China?

Marc A. Thiessen et al.
What the Hell Is Going On?

Biden’s Student Loan Forgiveness Plan

Frederick M. Hess and Pedro A. Noguera
Common Ground

QUOTE OF THE WEEK

Twenty months into the administration, there is no public National Security Strategy. That makes it difficult for Congress to align spending to strategy, and difficult for allies to align their policies to support ours.”

Kori Schake