Marc Thiessen

“When you strike at a king you must kill him,” Ralph Waldo Emerson once said. Well, this year China tried to strike at President Trump for daring to launch a trade war with Beijing — and missed the mark entirely. After Trump imposed massive tariffs on Chinese goods earlier this year, Beijing responded in June with what appeared to be a clever strategy: targeting retaliatory tariffs against Trump voters in rural farming communities across the United States. China is the largest importer of U.S. soybeans, buying $14 billion of them in 2017. Three of the biggest soybean-producing states, Indiana, Missouri and [...]
Fri, Dec 07, 2018
Source: Marc Thiessen Category: MARC THIESSEN
Marian Tupy of the Cato Institute has a great new paper out on the age of superabundance. It's a wonderful corrective to all the doom and gloom we hear from Washington most of the time. It revives the famous bet that economist Julian Simon won over doomsayer ecologist Paul Ehrlich toward the end of the last century. Ehrlich said the price of a basket of commodities would rise as population did, while Simon said the ultimate resource was human innovation and that prices would fall as we discovered new ways to provide those resources. Simon was totally and utterly correct. And [...]
Fri, Dec 07, 2018
Source: Marc Thiessen Category: MARC THIESSEN
Charles Best leads DonorsChoose.org, a nonprofit website on which teachers can post their specific classroom needs and receive crowdfunding. Starting in 1998, Charles spent five years teaching history in a high school in the Bronx. Noticing that limited classroom resources were available to his students was what moved him to launch DonorsChoose.org. To date, teachers at more than 80 percent of all the public schools in America have used DonorsChoose.org, and more than 3 million people have contributed. I recently talked with Charles about DonorsChoose.org and the role of philanthropy in education. Rick Hess: So Charles, what exactly is DonorsChoose.org? Charles Best: [...]
Fri, Dec 07, 2018
Source: Marc Thiessen Category: MARC THIESSEN
Earlier this week, following a CIA briefing of US senators regarding the killing of Washington Post writer Jamal Khashoggi, Lindsay Graham commented that “there's not a smoking gun, there's a smoking saw.” As a former South Carolinian, I appreciate his Southern candor. However, word acrobatics aside, the revelation speaks to a truth that many Americans — especially millennials — have come to question: that democracies and autocracies are fundamentally different. Democratic government entails dysfunction and discord, but is fundamentally different from autocracies under the volatile rule of murderous Crown Princes, paranoid Politburo Chairmen, or thieving, former-KGB thugs. REUTERS/Marcos Brindicci It is easy [...]
Thu, Dec 06, 2018
Source: Marc Thiessen Category: MARC THIESSEN
On this episode of the AEI Events Podcast, we travel back to 1991 with President George H.W. Bush as he discusses U.S. economic conditions, the fall of communism, the economy and the 1990 budget agreement. This event took place on December 3, 1991. Watch the full event here. Subscribe to the AEI Events Podcast on Apple Podcasts. [...]
Thu, Dec 06, 2018
Source: Marc Thiessen Category: MARC THIESSEN
As AEI's Brent Orrell explains, STEM degrees can only carry American workers so far if they lack soft skills like communication and empathy. Related reading:STEM without fruit: How noncognitive skills improve workforce outcomesAre we creating a STEM dead end? [...]
Thu, Dec 06, 2018
Source: Marc Thiessen Category: MARC THIESSEN
Despite the recent drop in Silicon Valley stock prices, there is some good news beneath the surface of technology finance. In their most recent update, PitchBook and the National Venture Capital Association showed that US venture investments for the third quarter totaled nearly $28 billion. For the year, it looks like venture investments will top $100 billion, exceeding the previous record by more than $20 billion. Early stage investments have grown over the last two years, from a level of around $5 billion per quarter to a level closer to $9 billion per quarter. Investments in even younger companies — known [...]
Thu, Dec 06, 2018
Source: Marc Thiessen Category: MARC THIESSEN
Even before the “Gilet Jaune” (Yellow Vest) Movement started burning Paris, there were plenty of reasons to be critical of Emmanuel Macron's 18-month imperial styled presidency. However, before indulging in schadenfreude about Macron's current political tribulations, it is well to recall that he was likely France's last best hope for much needed market-based economic reform. Now that his political star has waned, not only does Macron's current diminished political authority at home cast a cloud over the French economic outlook. It also constitutes a major setback for the prospect of a much needed deepening of eurozone economic integration. This is especially the case [...]
Wed, Dec 05, 2018
Source: Marc Thiessen Category: MARC THIESSEN
The Trump administration has put competition with China at the center of its economic policy. At the same time, it has also advocated a loosely defined plan to expand economic linkages with the Asian Pacific region called “Free and Open Indo-Pacific.” The objective is to increase US involvement in the larger regional economy through investment, security, market access, and trade. For many observers, the Trump administration's current interest in engaging with the region is surprising, given the speed with which it withdrew from the Trans-Pacific Partnership. Moreover, some regional powers are likely doubtful of the sincerity with which the United [...]
Wed, Dec 05, 2018
Source: Marc Thiessen Category: MARC THIESSEN
There are a few movie scenes guaranteed to put a lump in my throat every time. Near the top of the list is the end of “Saving Private Ryan,” Steven Spielberg's World War II masterpiece. Earlier, in a climactic battle scene, a dying Captain Miller (Tom Hanks) tells Private Ryan (Matt Damon) to “earn this, earn it.” Translation: Live a life worthy of the sacrifice so many made for you. In the final scene, decades later, an elderly Ryan visits Miller's grave in Normandy, France, and tells the headstone that he's remembered Miller's plea every day since. “I hope that at least [...]
Wed, Dec 05, 2018
Source: Marc Thiessen Category: MARC THIESSEN