Economics

Center on Wealth & Poverty

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Before sunrise solar power plants

Do Green Energy Subsidies Work?

Congress has not been the only institution shoveling subsidies to green energy. Many states have provided their own subsidies, especially the mid-Atlantic states that are forcing ratepayers to purchase electricity from offshore wind projects at prices many times higher than the market. States have also enacted renewable portfolio standards forcing electric utilities to increasing percentages of electricity from renewable sources that would otherwise never be built. Read More ›
Matthew Desmond 2023_National_Book_Festival_(53123258729) Wikimedia Commons
Matthew Desmond discusses his book, "Poverty, By America," with Frederick Wherry at the 2023 Library of Congress National Book Festival, August 12. Photo by Shawn Miller/Library of Congress. Note: Privacy and publicity rights for individuals depicted may apply.
Image by Shawn Miller at Wikimedia Commons: https://commons.wikimedia.org/wiki/File:2023_National_Book_Festival_(53123258729).jpg

Dickensian Non-Fiction: Reviewing Desmond’s “Evicted”

The academic who’s gained the biggest rewards for writing about homelessness is Harvard and Princeton sociologist Matthew Desmond. Many reviewers loved the way Evicted reads like fiction. The comparisons with fiction raise crucial questions: How much of Evicted is fact and how much, if not exactly fiction, is interpretation? Read More ›
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Old and worn work gloves on large American flag - Labor day background

Labor Day Celebrates American Exceptionalism

Other than punctuating the end of summer, Labor Day has for many lacked meaning associated with other holidays. Properly understood, it is the holiday that celebrates not only labor, but also the ideas, job creators, and institutions central to the flourishing of the United States and its people. Read More ›
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poker cards chips

Adverse Childhood Experiences: The ACEs You Don’t Want to be Dealt

ACEs ("adverse childhood experiences") go wild: ACEs such as suffering abuse or neglect, witnessing violence in the home or community, or having a family member attempt or die by suicide, undermine senses of safety and stability. Many U.S. adults experience at least one type of ACE. Most homeless adults hold in their hands at least four ACEs. Read More ›
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George Gilder Discusses ‘The Israel Test’ at FreedomFest

Venture capitalist and futurist George Gilder, author of “The Israel Test,” argued that antagonism towards Israel is based in part on resentment over Israel’s economic and technological accomplishments and moral leadership in the world. This interview was conducted at FreedomFest, an annual libertarian conference held in 2024 in Las Vegas. Read More ›
Israel high tech
High tech. Made in Israel

‘The Israel Test’: Making the Case for Judaism’s ‘Culture of Mind’ — Review

In this post-Oct. 7 reshaped edition of his classic book The Israel Test, George Gilder’s central thesis is confirmed and strengthened. He firmly believes that the Jewish people nurture within themselves an intellect that is both a gift and a goad for the rest of the world. Read More ›
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Schoolgirl choosing book in school library. Smart girl selecting books. Learning from books. School education. Benefits of everyday reading. Child curiosity. Back to school

A Peruse Through Academic Journals on the Link Between Foster Care and Homelessness

As this century began, journalist Fred Barnes quoted four discouraging words found in some illustrious newspapers: "First of a series." Journalist Mickey Kaus defined the typical newspaper series as a "bloated journalistic project driven by egos and internal institutional needs." But one thing is even more discouraging than most newspaper series: a series of articles from academic journals. Read More ›