Morning Ebrief
January 5, 2017

FEATURED STORY OF THE DAY

Message to Congress: Sharpen the Fed’s Mandate
Peter Ireland, E21

President-Elect Donald Trump can have an immediate effect on U.S. monetary policy by nominating two candidates to fill vacancies on the Federal Reserve Board.  Within our system of checks of balances, however, it is members of Congress, not the President, who make the laws.  Regardless of whom President Trump chooses to fill the vacant Board seats, our legislators can pave the way for significant and lasting improvements to monetary policymaking strategy.  They can do this by giving the Fed a single mandate: to stabilize prices in the long run. Read more here...

POINT/COUNTERPOINT

Should CEO pay be reduced?

YES  Welcome to ‘Fat Cat Wednesday’— Wanda Wyporska, The Independent
NO  There’s a Reason CEOs Get Paid a Lot – Tim Worstall, Forbes

DECONSTRUCTION ZONE

The Anti-Pipeline Anti-Environmentalists
Robert Bryce, Investors Business Daily
 
Tom Sowell, a Fearless Contrarian, Puts Down the Pen (subs.)
Jason Riley, Wall Street Journal
 
Innovations, Obstacles and the 21st-Century Cures Act
Robert Graboyes, InsideSources
 
Data Builds a Compelling Case for Curriculum
Charles Sahm, U.S. News & World Report

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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.

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