Welcome, to the enterprise institute. I am the director. Aei is my great pleasure tonight to welcome you to discussion of important new book by my good friend and colleague michael strain. Michael is the director of economic studies here and is a widely published scholar in economics and Public Finance and many other areas. In his new book is an exceptional clear and broad overview of the space of American Economic life. Actual conditions we face, the trends over recent decades and have us relate to some of the most dark stories that we hear in our politics about the conditions the americans are experiencing. Also where prospects are pretty he finds i think it is fair to say that things are much better than the mood of our politics and the critics of the market economy sometimes suggest prayed that we do face risks and that maybe that mood and this critics are among the most important of those risks. His controversial thesis and a conservative, i am resistant to be sheared up until eve
Exceptionally broad and clear overview of the state of economic life. The actual conditions we face how those relate to those dark stories that we hear in our politics to the conditions americans havens experienced. Its fair to say that things are much better than politics and the critics of the market economy would suggest that we face risks but that mood are the most important it is a controversial thesis as a conservative i am resistant and being told everything is fine. But it is a very powerful argueof thesis. A thoroughly supported thesis in the book so to respond to the argument is one of the smartest social analyst and policy thinkers in washington. He is the chair and senior fellow of economic studies at the Brookings Institution director on the future of the middle class author of important how the american middle class is leaving everyone else in the dust and what to do about it. The format will be very simple we have an overview and then we will offer a response i will help
Strain, director of economic studies s a i, widely published scholar in a comic finance and many other areas in his new book is an exceptionally clear and broad overview of the state of American Economic life, the actual conditions we face, the trends over recent decades, the dark stories we hear in our politics about the conditions americans have experienced and what our prospects are. Things are better than the mood of our politics and the critics of the market economy would sometimes suggest, we do face risks and maybe the mood and those critics are among the most important of those risks. It is a controversial thesis. As a conservative im resistant to being cheered up and told everything is fine but it is a powerfully argued thesis it as you will see a very thoroughly supported thesis. Joining us to respond to mikes argument is richard reeves, one of the smartest policy thinkers in washington, the whitehead chair and senior fellow of economic studies at the brookings institution, d
The actual conditions we face over recent decades with the dark stories that we hear with those conditions of diamerican experience and that the critics of ther market economy those are among the most important of those critics the controversial pieces i am resistant to be told everything is fine. But it is an argument that you will see here tonight that is a fairly supportive thesis in the book. When the smartest social analyst and policy thinkers in washington the chair and senior fellow of economic studies at the Brookings Institution with the future of the middle class and the author of a number of books including dream orders. And the format is very simple. And the moderator brief conversation and with the q a. So lets welcome michael strain. [applause] thank you for that very generous introduction. It contains the argument that you are making the American Dream is not dead the subtitle it is excellent cover theres nothing to read on the inside but we will talk about that. So what
And his new book is an exceptionally clear and broad overview of the state of American Economic life. The actual conditions we face, that trends over recent decades, how those related to some of the dark stories that we hear in our politics about the conditions americans have experienced and also what our prospects are. I think its fair to say he finds think so much better than the mood of our politics and the critics of the market economy would sometime suggest but that we do face risks and that maybe that mood and those critics are among the most important of those risks. Its a controversial thesis. I do say as a im resistant to being told everything is fine. But it is a very powerfully argued thesis and as you will see and hear tonight, a very thoroughly supported thesis in the book. Richard reeves, one of the spar social analysts and policy thinkers in washington, richard is a whitehead chair and senior fellow atn economic status of te brookings institution. Hes director of the bro