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

A Final Look at the Polls

Elections and Demography

November 5, 2022

Before Americans head to the polls on Tuesday, November 8, Ruy Teixeira, Karlyn Bowman, and Nate Moore conclude their AEI Elections and Demography Project series with a final overview of the trends—including a surge in support for Republicans—that pollsters have observed in the electorate over the past month. One interesting trend they find is among pollsters themselves: "After a couple cycles with significant polling errors, the total number of surveys fell dramatically this year."

 

 

This week, AEI's scholars also investigated developing challenges for policymakers on the home front and around the world.

 

According to Desmond Lachman, Wednesday's Federal Reserve announcement shows that America's central bankers are beginning to recognize their interest rate hikes' negative effects on economic growth. Lachman expects that this recognition will influence decision-making when the Fed considers further rate increases.

 

Mackenzie Eaglen, Eric Sayers, and Dustin Walker argue that the Pentagon's recent decision to withdraw fighter jet squadrons from Japan's Kadena Air Base deals a blow to America's strategic position in the Indo-Pacific. Eaglen, Sayers, and Walker say that this withdrawal does not match the need, identified in the recent National Security Strategy, for "combat-credible airpower in the Indo-Pacific."

 

The Biden administration has called for a green-energy revolution to deal with America's energy woes, but Hal Brands contends that such an approach may intensify the problems it's intended to solve. "For one thing, energy transitions don't happen quickly or cleanly," writes Brands.

 

"Will the strong dollar trigger a global recession?" asks Steven B. Kamin in a new AEI Economic Policy Working Paper. Kamin considers the evidence in favor of the claim that the Fed's tight monetary policy has harmed other countries' economies.

 

Katherine Zimmerman and Cleary Waldo explain how Iranian-made drones have bolstered the arsenals of Russia's troops invading Ukraine. These drones aren't just potent weapons for the Russians, write Zimmerman and Waldo, but also an emerging way for the Iranian regime to prepare for future offensive operations.

Subsidies for Beginning Farmers: Should We Bet the Farm?

In a new AEI agricultural policy report, Barry K. Goodwin explains how the rising average age of farm owners—"from 50.3 in 1978 to 59.4 today"—has motivated policies in the American Rescue Plan Act and Inflation Reduction Act that are intended to support new farmers. Among these policies, he writes, is a $550 million subsidy administered by the US Department of Agriculture for certain populations of farmers and $1.3 billion in farm debt cancellation. Goodwin argues that higher farmland prices, one of the central barriers to entry for farmers, has resulted from a generous subsidy regime, especially the federal crop insurance program. Goodwin further argues that the mechanism by which these policies improve the overall resiliency and efficiency of US agriculture is unclear and that the policies are unlikely to overcome the barriers created by existing subsidies.

 

 

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QUOTE OF THE WEEK

Accomplishing Musk's vision of a shared digital space will involve developing more productive ways of navigating that shared space together . . .

. . . Hopefully, he will innovate in this space, testing to find the right combination of moderation rules and user tools to attract and promote constructive dialogue on important issues."

Daniel Lyons