Patrick Coate

On Friday, Treasury Secretary Steven Mnuchin made headlines by saying that the displacement of jobs by artificial intelligence was “not even on our radar screen … 50-100 more years” away. This drew a host of shocked responses from those who point out that AI and automation have already eliminated millions of American jobs and may…

One big concern with U.S. higher education is low graduation rates. Barely half of enrollees at four-year institutions graduate within six years. Dropping out of college is a double blow to many students: they pay the direct costs of college for the time they were enrolled without earning the degree that would increase their future earnings…

Changing U.S. policies may affect international trade in many ways, including one important aspect of trade that may not first come to mind: tourism. Many observers have recently warned that the Trump Administration’s recent travel ban, comments on immigration, and the associated unwelcoming climate will depress tourism significantly throughout the United States. I do not…

One important economic topic in the U.S. is the cost of higher education. College is a pathway to economic opportunity for many Americans, but tuition costs cause many Americans to begin their adult lives in debt. Student debt in the U.S. is over $1.3 trillion. In recent years, it has been common for politicians of…

Source: WalletHub   One interesting economic topic in the United States is how federal funding is distributed among the states. This is a regular point of contention for two reasons. First, federal officials of either party sometimes clash with states on the use of federal funds. Second, an apparent irony is often pointed out, using…