Publications

The International Monetary Fund found that the Chinese yuan is significantly undervalued, with Goldman Sachs estimating that the value of the currency is 25 percent below what is expected.

The U.S. is one of the few countries that doesn’t pay recording artists royalties when their music is played on AM/FM radio, and the American Music Fairness Act would close this loophole, ensuring artists are fairly compensated while leveling the playing field with streaming and satellite services.

New research from the U.S. Census Bureau shows that venture capital investment and advanced technology adoption are closely linked to higher employment and productivity. VC-backed, technology-adopting firms account for a disproportionately large share of U.S. jobs, even as venture investment has declined since 2021.

U.S. semiconductor export controls swing unpredictably between administrations, undermining innovation and security. The solution is a clear, bipartisan strategy that narrowly restricts the most sensitive technologies while allowing U.S. chipmakers to compete globally.

One way to gauge how U.S. firms engage globally is by examining receipts from the rest of the world as a share of GDP. Policymakers should track foreign receipts as a share of GDP as a standard indicator of how U.S. firms’ global activity is evolving and whether it aligns with national economic interests.

AI isn’t destroying jobs; it’s creating them. At least in 2024, the surge in AI activity and data center construction generated more jobs than AI displaced.

The United States risks a serious brain drain as NIH funding cuts, canceled grants, and program rollbacks push early-career scientists abroad, threatening America’s long-term biomedical capacity, innovation leadership, and national competitiveness unless policymakers act to stabilize and strengthen research support.

Detractors of capitalism argue that it took over fifty years for the British Industrial Revolution’s benefits to reach average workers. That narrative is at best contested and, at worst, wrong.

The Trump administration’s decision to allow H200 chip sales to China is strategically sound because it keeps Chinese firms reliant on U.S. technology, supports American chipmakers’ R&D, and preserves U.S. competitive advantage, though imposing a 25% fee undermines these benefits.

The Commission should keep its focus on how to enable consumers to benefit from wireless services and prevent state and local red tape from undermining those benefits.