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The American Enterprise Institute for Public Policy Research (AEI) is a conservative think tank founded in 1943. Its stated mission is "to defend the principles and improve the institutions of American freedom and democratic capitalism—limited government, private enterprise, individual liberty and responsibility, vigilant and effective defense and foreign policies, political accountability, and open debate." AEI is an independent nonprofit organization supported primarily by grants and contributions from foundations, corporations, and individuals. It is headquartered in Washington, D.C.