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Michael R. Strain

Michael R. Strain

Writing for PS since 2022
14 commentaries

Michael R. Strain, Director of Economic Policy Studies at the American Enterprise Institute, is the author, most recently, of The American Dream Is Not Dead: (But Populism Could Kill It) (Templeton Press, 2020).

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  1. Debt and Dysfunction in America
    strain13_BRENDAN SMIALOWSKIAFP via Getty Images_bidenmccarthy Brendan Smialowski/AFP via Getty Images

    Debt and Dysfunction in America

    May 12, 2023 Michael R. Strain worries that the political drama playing out in Washington reflects a broader institutional failure.

  2. Kill the Chatbots?
    strain12_Carol YepesGetty Images_chatbot Carol Yepes/Getty Images

    Kill the Chatbots?

    Apr 11, 2023 Michael R. Strain argues that calls for a temporary moratorium on the development of generative AI are misplaced.

  3. The Fed Must Not Flinch
    strain11_Chip SomodevillaGetty Images_fed Chip Somodevilla/Getty Images

    The Fed Must Not Flinch

    Mar 21, 2023 Michael R. Strain urges the US central bank to continue raising interest rates, despite signs of financial-sector fragility.

  4. Populist Joe
    strain10_ANDREW CABALLERO-REYNOLDSAFP via Getty Images_state of the union ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

    Populist Joe

    Feb 20, 2023 Michael R. Strain hears too much Donald Trump and Bernie Sanders in the president’s recent rhetoric.

  5. Averting a Debt-Ceiling Disaster
    strain9_Win McNameeGetty Images_house debt ceiling Win McNamee/Getty Images

    Averting a Debt-Ceiling Disaster

    Jan 11, 2023 Michael R. Strain explains what needs to happen to prevent a financial crisis and an irreversible loss of US credibility.

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    Revisiting the Behavioral Revolution in Economics

    Antara Haldar assesses the legacy of the intellectual challenge to the view that rational self-interest guides our actions.
  2. varoufakis104_Andrew LichtensteinCorbis via Getty Images_amazonunion Andrew Lichtenstein/Corbis via Getty Images
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    New AI Germ Busters Can Also Bust Unions

    Yanis Varoufakis shows how an AI-driven biomedical breakthrough could rob workers of what little power they have left.
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    Globalization’s Warring Narratives

    Harold James examines the analytical disagreements that are hampering management of an unavoidable phenomenon.
  4. op_nagymohacsi2_Namthip MuanthongthaeGetty Images_CBDC Namthip Muanthongthae/Getty Images
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    The Digital Economy’s New Monetary Imperative

    Piroska Nagy Mohácsi

    In a rapidly digitalizing world, central banks are staring down a future in which they may lack the tools necessary to manage crises, and in which they may no longer be able to protect their monetary sovereignty. They should recognize that digital currency is a source of institutional salvation.

     thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.
  5. pisaniferry145_ Thierry MonasseGetty Images_eu green deal Thierry Monasse/Getty Images
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    Europe’s Climate Quandary

    Jean Pisani-Ferry assesses the inevitable trade-offs the European Union must confront in achieving its clean-energy targets.
  6. basu92_Win McNameeGetty Images_samaltmanopenaisenate Win McNamee/Getty Images
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    Governing the Unknown

    Kaushik Basu suggests a few principles to guide policymakers as they try to keep up with rapidly advancing technologies.
  7. oyebanji2_ PIUS UTOMI EKPEIAFP via Getty Images_lassa fever PIUS UTOMI EKPEI/AFP via Getty Images
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    Fast-Tracking a Lassa Fever Vaccine

    Oyeronke Oyebanji outlines what West African governments can learn from the development and distribution of the COVID-19 jab.
  8. schleussner1_David McNewGetty Images_heatwave David McNew/Getty Images
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    Climate Science Beats Climate Fatalism

    Carl-Friedrich Schleussner, et al. show that the more ambitious 1.5º target for global warming is still feasible – and more necessary than ever.
  9. benami202_Burak KaraGetty Images_erdogan Burak Kara/Getty Images
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    Turkey’s Pragmatic Islamist

    Shlomo Ben-Ami expects Recep Tayyip Erdoğan’s latest electoral victory to have little impact on Turkish foreign policy.

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