Maxwell School News

“A strong military makes a currency more appealing because it’s a signal to foreign investors that their assets are safe,” says Daniel McDowell, Maxwell Advisory Board Professor of International Affairs. “It matters because a strong defense projects security of assets in a way that is distinct from the financial regulations in a country.”

“We’re not seeing young people go live on communes,” says Shana Gadarian, Merle Goldberg Fabian Professor of Excellence in Citizenship and Critical Thinking. “They’re working at banks, they’re starting gig economies, they’re working in high tech. If that’s not capitalism, I’m not clear what would be.”

According to Leonard Burman, professor of public administration and international affairs, "Trump’s 'tax reform plan' isn’t tax reform and it isn’t a plan. To borrow an analogy from the president’s favorite sport, he should take a mulligan and swing again at tax reform after he’s brought on a tax policy team and they’ve had a chance to do their homework."