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Coming out of the pandemic, the U.S. economy is at a crossroads. Despite a hot labor market, labor force participation is down, and many people, especially those with less education and lower earnings, are not working. Inflation is high and shows no sign of slowing.
We face these problems, but don't have many creative solutions. Often after a big economic shock there is an inclination to expand the size of the welfare state and reduce risk in the economy. The Biden administration is following that playbook. But are there market-oriented alternatives that can better serve the U.S. population and restore a dynamic, productive economy that offers opportunity for all?
Please join the Manhattan Institute for the first ever Quarterly Econ Breakfast, featuring Glenn Hubbard, dean emeritus and Russell L. Carson Professor of Finance and Economics at Columbia Business School. Hubbard served as Chairman of the Council of Economics Advisors from 2001 to 2003 and is the author of the forthcoming book, The Wall and the Bridge: Fear and Opportunity in Disruption’s Wake. Manhattan Institute senior fellow Allison Schrager will act as interlocutor.