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"A simple, rational, free-market story explains the current housing mess. The Federal Reserve kept interest rates very low as the economy recovered slowly from the last recession. Those low rates boosted housing activity. When rates were lifted as the economy finally took off, housing activity fell back."


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No Middle Way in Iraq

Frederick W. Kagan meets the press after an AEI conference.  
Frederick W. Kagan meets the press after an AEI conference.
 
Throughout 2007, Frederick W. Kagan and AEI's Iraq Planning Group have monitored the situation in Iraq. In January, Kagan released his phase I report, Choosing Victory: A Plan for Success in Iraq, which urged a rapid scale-up and military surge to clear and hold key points in Iraq. Phase II focused on establishing stability after the initial military component of the surge. Last week, in anticipation of the testimony of General David Petraeus, he presented a third installment. Kagan argues against "middle-way strategies" that falsely offer prospects for a significant troop drawdown with minimal costs; rather, No Middle Way counters that such "train and equip" strategies would compromise the progress that has been made, including improved security in Baghdad and Anbar, integration of former insurgents into civil police units, and the dispersal of al Qaeda. At the session, retired General Jack Keane described the "remarkable progress, some of it quite unforeseen" that he had observed in Iraq, and argued that now is not the time to embrace defeat.

Short Publications
Bust and Boom
By Kevin A. Hassett
Posted: Tuesday, September 11, 2007
Way of Darkness
By Michael Novak
Posted: Tuesday, September 11, 2007
Bin Laden's Mortgage Calculation
By Anne Applebaum
Posted: Tuesday, September 11, 2007
[More Short Publications]

Upcoming Events
African Perspectives on a Rising China
Wednesday, September 12, 2007
Should the SEC's Rule 12b-1 Survive?
Friday, September 14, 2007
Shadow Financial Regulatory Committee
Monday, September 17, 2007
[More Upcoming Events]

Recent Events
Not Playing the Game: How Winston Churchill Came to Power
Bradley Lecture Series
Monday, September 10, 2007
[More Recent Events]

Latest Books
The Terror Presidency
Law and Judgment Inside the Bush Administration
By Jack Landman Goldsmith
Posted: Friday, September 7, 2007
Biotechnology and the Patent System (forthcoming)
Balancing Innovation and Property Rights
By John E. Calfee, Claude Barfield
Posted: Wednesday, September 5, 2007
The Iranian Time Bomb
The Mullah Zealots' Quest for Destruction
By Michael A. Ledeen
Posted: Friday, August 31, 2007
[More Books]


Focus on the Iraq War

AEI scholars are active in debates about the Iraq war, the military escalation, and how to move forward in Iraq. To view AEI's collected articles, events, books, and scholarly activity on the war, visit www.aei.org/AEIonIraq/.


AEI Legal Center for the Public Interest

The National Legal Center for the Public Interest has been merged into AEI, forming a new research division named the AEI Legal Center for the Public Interest (AEILC). The new AEILC will pursue an expanded program of research, publications, and conferences on legal and constitutional issues drawing on the traditions, interests, and people of both institutions. The AEILC will be directed by AEI resident fellow Ted Frank.


Footing the Tuition Bill

This collection of pioneering studies explores the purposes of federal student loans, how well traditional arrangements and gatekeepers work in the modern era, and how innovations might offer guidance for rethinking the design of financial aid.


National Security Outlook

National Security Outlook
In the July/August issue of National Security Outlook, Oriana Scherr and Christopher Griffin conduct a net assessment exercise to evaluate American strengths and weaknesses in combating terrorism in the Horn of Africa.