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Michael R. Strain

Michael R. Strain

Writing for PS since 2022
26 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. America’s Frustrating Search for a Soft Economic Landing
    delong257_ Win McNameeGetty Images_fed Win McNamee/Getty Images

    America’s Frustrating Search for a Soft Economic Landing

    Apr 30, 2024 Michael R. Strain warns that beating inflation in the United States will likely require an increase in the unemployment rate.

  2. What Soft Landing?
    strain24_KevinDietsch via Getty Images_FED Kevin Dietsch via Getty Images

    What Soft Landing?

    Mar 11, 2024 Michael R. Strain warns that the US economy could still crash, given negative consumer sentiment and a hot labor market.

  3. Yes, Russian Reserves Should Be Seized
    strain23_Dmytro Smolienko UkrinformFuture Publishing via Getty Images_ukraine damage Dmytro Smolienko / Ukrinform/Future Publishing via Getty Images

    Yes, Russian Reserves Should Be Seized

    Feb 19, 2024 Michael R. Strain explains why the Kremlin’s frozen assets should be used for Ukraine’s reconstruction.

  4. Nikki Haley Should Stay in the GOP Race
    strain22_Joe RaedleGetty Images_nikki haley Joe Raedle/Getty Images

    Nikki Haley Should Stay in the GOP Race

    Feb 12, 2024 Michael R. Strain explains why the candidate would be infinitely better than Donald Trump for US democracy and global stability.

  5. In Defense of Billionaires
    strain21_Mark RALSTON AFP) (Photo by MARK RALSTONAFP via Getty Images_billionairs Photo by MARK RALSTON/AFP via Getty Images

    In Defense of Billionaires

    Jan 9, 2024 Michael R. Strain argues that wildly successful people create trillions of dollars of value for society.

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  1. carstens5_Getty Images_finternet Getty Images
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    The Rise of the Finternet

    Agustín Carstens & Nandan Nilekani foresee a world in which cheap, secure, and near-instantaneous financial transactions are available to all.
  2. rodrik222_Kevin FrayerGetty Images_china solar panel Kevin Frayer/Getty Images
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    Don’t Fret About Green Subsidies

    Dani Rodrik sees no good argument against industrial policies that accelerate growth in decarbonization industries.
  3. gros186_Sean GallupGetty Images_euro Sean Gallup/Getty Images
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    Europe’s Geoeconomic Competitiveness Challenge

    Daniel Gros highlights the security risks raised by the prolonged decline of the EU’s relative economic power.
  4. op_ang1_retrorocketGetty Images_corruption retrorocket/Getty Images
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    How Exceptional Is China’s Crony-Capitalist Boom?

    Yuen Yuen Ang

    While both the American and Chinese Gilded Ages raised material standards of living for hundreds of millions of people, their endemic corruption produced radically unequal and unsustainable growth. Ultimately, both periods offer cautionary tales about unbridled crony capitalism, not models for blind emulation.

     explains how corruption both drove the country's GDP growth and sowed the seeds for its current economic problems.
  5. bp india election Photo by SAJJAD HUSSAIN/AFP via Getty Images
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    Will India’s Election Destroy Its Democracy?

    Since taking power in 2014, Prime Minister Narendra Modi and his ruling Bharatiya Janata Party have stoked Hindu nationalism, hollowed out India’s democracy, and overseen an economy that is probably performing far worse than official figures suggest. And yet Modi and the BJP are genuinely popular, making them likely – though not certain – to emerge victorious when the ongoing parliamentary election concludes in June.

  6. benami213_YEHUDA RAIZNERAFP via Getty Images_israelflag Yehuda Raizner/AFP via Getty Images
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    The Unbearable Lightness of Anti-Zionism

    Shlomo Ben-Ami warns that demonizing all Israelis will only make peace less likely – though that may be the point.
  7. alfredsdottir1_Getty Images_pay gap Getty Images
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    How to Close the Gender Wage Gap

    Lilja Dögg Alfreðsdóttir argues that Iceland’s experience lends further support to Nobel laureate economist Claudia Goldin’s research.
  8. brown107_Jeff J Mitchell - Pool Getty Images_covidvaccine Jeff J. Mitchell/Pool/Getty Images
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    Getting the Pandemic Treaty Across the Finish Line

    Gordon Brown hopes negotiations will conclude this month, and pushes back on a last-minute wave of misinformation.
  9. singer231_Michael M. SantiagoGetty Images_college protests Michael M. Santiago/Getty Images
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    When Is Criticism of Israel Anti-Semitic?

    Peter Singer rejects comparisons of the recent US campus protests to the actions of Nazi student groups in the 1930s.

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