| Josh Barro |
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Josh Barro is the Walter B. Wriston fellow at the Manhattan Institute.
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| Diana
Furchtgott-Roth |
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Diana Furchtgott-Roth
is an adjunct fellow at the Manhattan Institute and
a columnist for RealClear Markets.
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| Nicole
Gelinas |
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Nicole Gelinas is the Searle
Freedom Trust Fellow at the Manhattan Institute and
a contributing editor of City Journal.
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| Edward
Glaeser |
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Edward Glaeser is a Manhattan
Institute senior fellow and City Journal contributing
editor.
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| Howard
Husock |
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Howard Husock is the Vice President,
Policy Research and the Director of the Manhattan Institute's
Social Entrepreneurship Initiative.
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| Steve
Malanga |
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Steve Malanga is City
Journal Senior Editor, a Manhattan Institute Senior
Fellow, and a RealClear Markets columnist.
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| E.J.
McMahon |
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Edmund J. McMahon is director
of the Empire Center for New York State Policy, a project
of the Manhattan Institute. He also is senior fellow
for Tax and Budgetary Studies at the Institute's Center
for Civic Innovation.
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Sign up for Market Minded, a weekly e-mail review
of Manhattan Institute commentary on the financial
crisis and fiscal and economic policy.
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America is facing an economic crisis of proportions not seen
since the Great Depression. Is this a failure of capitalism,
or simply a failure of industry? The Manhattan Institute is
vigorously putting forth ideas on how market-based principles
have an integral role in helping America recover from the
current financial and economic crisis and return to prosperity.
Manhattan Institute scholars Diana
Furchtgott-Roth, Nicole Gelinas,
Edward Glaeser, Howard
Husock, Steven Malanga, and
E.J. McMahon provide their insight
on a range of topics.
Welcome to Market Minded
Market Minded: August 26, 2011
We hope you enjoy this edition of Market Minded. Tell a friend! If you know someone who would like to subscribe, contact us at communications@manhattan-institute.org.
How Obama's Policies Hurt Job Creation
Obama's Jobs Policies Will Reduce Job Opportunities
Diana Furchtgott-Roth, RealClearMarkets.com, August 18, 2011
The White House announced that President Obama will deliver a major address on job creation early in September. Mr. Obama could address proposed Labor Department regulations that would hobble employers with paperwork, reducing hiring. These regulations include affirmative action rules for minorities and women at on-site construction jobs for federally-funded projects; requirements for federal contractors to keep records of the race, sex, and earnings of employees; rules governing dust levels in coal mines; and rules to expand preferences for veterans in the workplace. . .
Debt Solutions
Financial Destination 6
Nicole Gelinas, NRO's the Corner, August 18, 2011
(This article was linked on RealClearPolitics on 8-19-11)
For four years, the Bush White House, the Obama White House, and the Federal Reserve have allowed banks to pretend that their bad mortgage debt is worth a lot more than it is. Their theory is that the economy can't be healthy unless the banks are healthy. So everyone pretends that the banks are healthy. The economy can't grow, though, under a blanket of bad bubble-era private-sector debt. . .
RADIO
Nicole Gelinas discussed her article, Down on the Downgrade? on the following shows:
TRN's "The Jerry Doyle Show," 8-18-11
Crane Durham's "Nothing But the Truth," 8-18-11
Evaluating the Fed Deficit Crisis
Road Map to a Growth Economy
e21 Staff Editorial, economics21.org, August 17, 2011
Over the weekend, Jackie Calmes penned an "economic memo" in the New York Times that was critical of conservatives' opposition to tax increases. The piece relied on selective quotes from conservative economists, sell-side forecasters, and some academics to undermine the basic conservative approach to fiscal policy. The piece suffers from two main flaws: (1) it suggests a consensus where none exists on the potential benefits of near-term stimulus; and (2) it treats all forms of revenue increases the same, despite the dramatic differences in economic consequences and the potential revenue gains from the economic growth unleashed by broad-based tax reform. . .
Taxpayers Continue to Bear the Risk of Unaffordable Pension Promises
Pension fund risks in wild market
E.J. McMahon and Steven Malanga, Politico.com, August 19, 2011
When the New York State and Local Pension fund announced last month that it had earned 14.6 percent on investments this fiscal year, a top NY union official said the robust returns "call into question the need for so-called 'pension reform.'" Since then, however, the Standard & Poor's 500 has dropped about 13 percent. Though union leaders and their political supporters would seize on every upward market move to proclaim the end of the pension crisis, the current Wall Street upheaval should remind taxpayers that states and cities still need fundamental pension reform to lower the long-term risks for taxpayers and bring pension costs under control. . .
Facts and Fallacies on RealClearMarkets.com
Facts & Fallacies: Going Nuclear
Quick, which nation has the most nuclear power? France, right? Everyone passingly...
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| Useful
Resources |
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e21 is a D.C.-based organization that marshals commentary and analysis based on the best economics research and offer new solutions for today's
economic problems. |
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Steve Malanga, Edward Glaeser, and Diana
Furchtgott-Roth are regular columnists at RealClearMarkets.
The Manhattan Institute is also proud to sponsor Facts & Fallacies —a resource
for readers who want a better understanding of economic fundamentals.
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See how your state and local tax dollars are spent at SeeThroughNY.
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Track labor issues that affect the cost of state and local government in New York
with Public Payroll. |
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Supply-Side Economics: From the Reagan Era to Today
On March 22, 2011, the Manhattan Institute, the Ronald Reagan Presidential Foundation, and the Wall Street Journal cohosted conference exploring one
of the most timely elements of President Reagan's legacy today: supply-side economics. Robert Mundell, Steve Forbes, Art Laffer and other noted
economists discussed Reagan's supply-side policies and how they apply.
PRESS RELEASE >>
EVENT VIDEO [PART I],
[PART II],
[PART III]
IN THE NEWS
We Must Keep the Legacy of Reaganomics Alive, Larry Kudlow,
NRO's Kudlow's Money Politic$, 03-29-11
The Rise And Fall And Rise Again of Supply-Side
Economics?, Ralph Benko, Forbes.com, 03-28-11
Ryan Drumroll, Editorial, Investor's Business
Daily, 3-27-11
Supply-side Conference Report, Supply Side Blog, 3-22-11
Rift on Right Over Reaganomics' Future,
FutureofCapitalism.com, 03-23-11
Reagan's Legacy and the
Current Malaise, Wall Street Journal, 03-22-11
WEB VIDEOS
Kudlow: "Make The Dollar Sound And Keep
Marginal Tax Rates Low", RealClearPolitics.com, 03-28-11
Forbes On Obama: "Most Statist Presidency Since
The Early 1930s", RealClearPolitics.com, 03-27-11
Click here for more information on the Reagan Event
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“The Limits of Monetary Policy”
By Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas
EVENT VIDEO >>
Additional coverage of the event can be seen on
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On January 6th, 2011, the Manhattan Institute and e21 hosted Representative Paul Ryan in the first of our "Conversations With..." series at the
National Press Club in Washington D.C. Paul Gigot, Wall Street Journal editorial page editor, moderated.
Watch video of the event
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President
George W. Bush at the Manhattan Institute
The Manhattan Institute proudly hosted President of the United States
George W. Bush at New York's historic Federal Hall National Memorial. The President spoke in defense of free market principles and warned of the
dangers of excessive financial regulation.
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The Manhattan Institute's
Market Meltdown Conference
The Manhattan Institute held a conference entitled "Market Meltdown: New York's Financial Crisis." To watch video of this conference, or to see
the complete agenda, please click here.
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