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Michael Strain

Michael R. Strain is Director of Economic Policy Studies and Senior Fellow at the American Enterprise Institute, where he holds the Paul F. Oreffice Chair in Political Economy. He is a Professor of Practice at Georgetown University and has written widely on economic and policy issues. He is a member of the Council on Foreign Relations and the Aspen Economic Strategy Group, and is an FT contributing editor.

  • Friday, 10 April, 2026
    Republican Party US
    Trumpism has done remarkably little to the GOP’s centre of gravity

    Most of the things that make it distinct from traditional conservatism won’t last

    Michael Strain
    President Donald Trump speaks at a podium during a news conference, with John Ratcliffe, Pete Hegseth, and Dan Caine standing behind him
  • Friday, 13 March, 2026
    US inflation
    Iran war will further damage fragile inflation psychology

    Business and households alike are worrying — the Fed should be too

    Michael Strain
    Gas price signs show regular cash at $4.89 and regular credit at $5.09 at a Mobil gas station, with yellow taxis and a white van at the pumps.
  • Monday, 16 February, 2026
    US employment
    Everything you thought about the US labour market is wrong

    The conventional view has struggled to contend with robust economic growth

    Michael Strain
    Jerome Powell speaks at a press conference with U.S. flags and Federal Reserve emblems in the background.
  • Monday, 19 January, 2026
    US politics & policy
    Trump’s attack on the Fed should galvanise the GOP

    The investigation of Jay Powell should be the final straw for Senate Republicans who have avoided criticising the president

    Michael Strain
    Jerome Powell walks past U.S. flags and Federal Reserve banners holding documents and a pen after a press conference.
  • Saturday, 3 January, 2026
    US politics & policy
    The battle for the right’s post-Trump future has begun

    Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings

    Michael Strain
    Nick Fuentes and Tucker Carlson sit across from each other at a wooden table, speaking into microphones during a podcast recording.
  • Friday, 3 October, 2025
    US government shutdown
    Democrats are wrong to think the shutdown gives them leverage

    The move will deprive the Fed of key statistics and further dent America’s global economic leadership

    Michael Strain
    Donald Trump points toward Hakeem Jeffries during Oval Office talks, with two "Trump 2028" hats and drinks on the desk.
  • Monday, 25 August, 2025
    US politics & policy
    Trump’s Intel deal is a threat to US economic liberty

    Taking unnecessary equity stakes in private companies is opportunism — not strategic state capitalism

    Michael Strain
    The Intel logo is displayed on a package containing a computer chip
  • Wednesday, 2 July, 2025
    Billionaires
    Zohran Mamdani is wrong — of course billionaires should exist

    The democratic socialist candidate to be mayor of New York mistakenly believes that the economy is a zero-sum game

    Michael Strain
    Zohran Mamdani, the presumptive Democratic candidate for the New York City mayoral race
  • Friday, 16 May, 2025
    Trump tariffs
    A US recession doesn’t seem so likely any more

    Trump has shown a willingness to pivot in the face of adverse market reaction

    Michael Strain
    US President Donald Trump with Scott Bessent
  • Monday, 28 April, 2025
    The Economics Show with Soumaya Keynes podcast31 min listen
    Should we be optimistic about the US economy? With Michael Strain

    America is about more than the president’s trade policy

  • Thursday, 3 April, 2025
    US economy
    Trump’s tariffs are an economic emergency for Americans

    Misplaced nostalgia is not a good enough reason for something that will only hurt voters

    Michael Strain
    US President Donald Trump speaks to an audience at a podium in the White House Rose Garden
  • Friday, 31 January, 2025
    Donald Trump
    Trump has made a good start

    A series of early moves has breathed fresh life into the business community

    Michael Strain
    President Donald Trump signs an executive order in the White House during his first week in office
  • Friday, 8 November, 2024
    US presidential election 2024
    Trump victory kicks off the battle for the right’s future

    Populism seems certain to lose some big fights to traditional GOP policies over the next few years

    Michael Strain
    Donald Trump with Republican vice presidential nominee Sen. JD Vance at an election night watch party
  • Friday, 18 October, 2024
    US tax
    Harris and Trump are equally silent on the expanding US debt

    The nation is borrowing to finance current consumption rather than to make much-needed long-term investments

    Michael Strain
    Donald Trump shakes hands with Kamala Harris on stage
  • Monday, 18 March, 2024
    Protectionism
    Protectionism is running amok in the US

    President Biden risks undermining sound economic policy and support for a key ally if he blocks the Nippon Steel deal

    Michael Strain
    An American flag flutters near a building that has a chimney blowing out hot steam
  • Tuesday, 30 January, 2024
    US presidential election 2024
    The Trump-Biden consensus on the economy is bad for business

    Corporate leaders need to be much more vocal in making the case for free enterprise

    Michael Strain
    An image of Joe Biden and Donald Trump with the American flag in the background
  • Friday, 26 May, 2023
    US politics & policy
    Unruly politicians and unchecked spending risk US debt catastrophe

    Without deep structural reforms, the nation could be exposed as a deadbeat place that can’t put its finances in order

    Michael Strain
  • Monday, 24 October, 2022
    Tax
    Supply-siders should stop obsessing about tax cuts

    Conservatives on both sides of the Atlantic must update an agenda that risks being stuck in the Reagan and Thatcher era

    Michael Strain
    Ronald Reagan (L) and Margaret Thatcher (C) as she arrives for a visit, at Reagan Library, on February 4 1991.
  • Sunday, 29 May, 2022
    US politics & policy
    Reducing the US deficit will mean pain for the middle classes

    Neither taxing the top 2 per cent nor cutting spending on low-income households will ease America’s fiscal imbalance

    Michael Strain
    Commuters walk along a crowded platform at Grand Central station
  • Tuesday, 12 December, 2017
    Global Economy
    Welfare in Trump’s crosshairs after tax overhaul

    Focus on trimming deficit following tax cuts places low-income individuals at risk

    NEW YORK, NY - NOVEMBER 30: A woman walks by a homeless man along a Manhattan street on November 30, 2017 in New York City. Republicans are coming closer to getting the votes needed to pass their proposed tax cut which many economists predict will benefit the wealthy at the expense of the poor and middle class. According to the Joint Committee on Taxation and the Congressional Budget Office, by 2027 under the prosed tax cuts those earning $1 million or more would see a combined $5.8 billion tax cut while those earning $40,000 to $50, 000 would see their taxes rise by a combined $5.3 billion. (Photo by Spencer Platt/Getty Images)
  • Thursday, 16 November, 2017
    US tax
    Republican deficit hawks tight-lipped on costs of tax package

    Advocates say growth and lower spending can offset trillions in extra borrowing required

    epa06331589 Senate Finance Committee chairman Orrin Hatch (C), ranking member Ron Wyden (L) and US Senator from Iowa Charles Grassley (R) read their notes during the committee's markup of the Tax Cuts and Jobs Act on Capitol Hill in Washington, DC, USA, 15 November 2017. EPA/SHAWN THEW
  • Friday, 20 October, 2017
    US tax
    US budget vote provides sorely needed Republican unity

    Party backslapping after critical step taken on rocky road to tax reform

    WASHINGTON, DC - OCTOBER 19: Sen. Lindsey Graham (R-SC) and Sen. John McCain (R-AZ) get into an elevator as they head to a vote on amendments to the fiscal year 2018 budget resolution, on Capitol Hill, October 19, 2017 in Washington, DC. Thursday afternoon, the Senate kicked off a 'vote-a-rama;' a marathon voting session for amendments to the budget resolution. (Photo by Drew Angerer/Getty Images)
  • Tuesday, 12 September, 2017
    Global Economy
    US incomes at record levels while poverty declines

    Rising household wealth at odds with Trump’s election message of economic gloom

    WASHINGTON, DC - JANUARY 20: U.S. President Donald Trump delivers his inaugural address on the West Front of the U.S. Capitol on January 20, 2017 in Washington, DC. In today's inauguration ceremony Donald J. Trump becomes the 45th president of the United States. (Photo by Drew Angerer/Getty Images)
  • Monday, 1 May, 2017
    US politics & policy
    Congress leaves budget battle over wall for another day

    Rare bipartisan agreement drops funding for Trump’s key campaign pledge

    People play at the beach during the holiday weekend near the US-Mexico border in Playas de Tijuana, on April 16, 2017, in Tijuana, northwestern Mexico. / AFP PHOTO / GUILLERMO ARIASGUILLERMO ARIAS/AFP/Getty Images
  • Monday, 8 August, 2016
    US presidential election
    Trump courts mainstream Republicans on economy

    Traditional conservative plan aims to reboot candidate’s struggling campaign

    A protester yells out as Republican U.S. presidential nominee Donald Trump speaks to the Detroit Economic Club at the Cobo Center in Detroit, Michigan August 8, 2016. REUTERS/Eric Thayer TPX IMAGES OF THE DAY
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