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5 reasons Janet Yellen shouldn’t focus on income inequality

Since 1970, income inequality has increased for a number of reasons that should not concern Janet Yellen.

The Fed’s Inflection Point

The Federal Reserve has reached an inflection point. As they complete the last rounds of their bond-buying programs, Federal Open Market Committee members must now decide how quickly to bring short-term interest rates back to more normal levels from their current settings of near zero.


Economics21 at the Manhattan Institute is glad to announce that Caroline Baum will be joining as an e21 contributor beginning in October, writing two columns a month. 

Secular Growth, Not Stagnation

Long historical experience suggests that for the United States, average growth between 3 percent and 3.25 percent per year will remain the norm. And given the amount of resource underutilization that remains pervasive throughout the economy today, near-term growth rates well above that long-term average remain clear possibilities. 

My Response to NYT Columnist Krugman

On Friday, several friends told me that Krugman had criticized my published 

comments on inflation written several years ago. My position is this: yes, inflation is delayed, but the risk remains high. 

Measuring Regulation

How many regulations are there? Which industries have to jump through the most regulatory hoops? Which government agencies are most likely to pass new rules? 

The Mercatus Center at George Mason University recently rolled out RegData 2.0 to try to answer these questions.

The Case for the Gold Standard

“There has not been one instance in history where active monetary management has advanced an economy.” So goes the bold claim in the new book by Steve Forbes and Elizabeth Ames, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.

Tax Inversions Help, Not Hurt, the Economy

Tax inversions can result in a greater flow of income into the United States. A company such as Medtronic, which is in the process of inverting , can expand its American operations at lower cost than can its competitors.

How to Stop Corporate Inversions and Make U.S. Businesses More Competitive

To stop corporate inversions, the United States needs corporate tax reform modeled off recent reform in the United Kingdom.

Shadow Federal Reserve

A classic question resurfaced last week during Federal Reserve Chair Janet Yellen’s Semi-Annual Monetary Policy Report to Congress: should interest rates be set according to a simple rule? 


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