Adam Smith Society @smithsoc
Chapter-based network of MBA students, professionals, and business leaders focused on free markets and public policy. A @ManhattanInst project. RT≠ endorsement. adamsmithsociety.com New York, NY Joined February 2014-
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The US debt outlook is fragile. Results for 88% of @economics forecast simulations show borrowing on an unsustainable path. bloomberg.com/news/articles/…
As interest rates recede, mortgage rates might not be poised to follow. @ManhattanInst manhattan.institute/article/econom…
“Data not only paints a murky picture of the past, it also clouds our vision of the future.” @opinion bloomberg.com/opinion/articl…
“With labor and housing markets still tight, the dry tinder for further inflation remains,” write @SteveMiran and Sander Gerber. @barronsonline barrons.com/articles/fed-i…
“Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began.” @WSJ wsj.com/finance/the-27…
Rising Treasury yields have given investors attractive alternatives for income outside of dividend stocks. @ManhattanInst manhattan.institute/article/econom…
Despite high rents and the shift to remote work, jobs, amenities, and density continue to attract young people to cities. @CityJournal city-journal.org/article/new-yo…
We hosted our second annual Capstone Retreat in Palm Beach in early March. It featured Smith Soc members in conversation with Edward Blum, Jay Newman, Michael Greenwald, and @AllisonSchrager and @ishapiro on topics ranging from DEI to AI and more.
“[T]he challenge will be to find the right balance that maximizes productivity, innovation, and well-being—both for firms and the cities that previously relied on their presence.” - @arpitrage @CityJournal city-journal.org/article/remote…
Despite the mixed signals and the evolving narratives, evidence points to the reality that remote work, in some form, is here to stay. @CityJournal city-journal.org/article/remote…
ICYMI: @SteveMiran joined Readers' Roundtable to discuss how the Biden administration is making it more expensive to build in the U.S. and weakening national security. What would be the free-market solution to these problems? Stephen Miran answers: adamsmithsociety.com/event/readers-…
Why are Americans still so down about the economy? @AllisonSchrager finds a possible answer in some data about date night. @opinion bloomberg.com/opinion/articl…
“It’s premature to say that a sustained pickup in productivity is unfolding, but all the factors seem to be coalescing.” @WSJopinion wsj.com/articles/the-f…
Home price increases in 2023 outpaced the last 35 years of annual average home price gains. @ManhattanInst manhattan.institute/article/econom…
Big tech companies including Microsoft, Meta and Amazon have swelled their workforces, even after announcing hefty job cuts. @WSJ wsj.com/economy/jobs/t…
Even as inflation cools, it is still becoming more expensive to eat in the United States. @ManhattanInst manhattan.institute/article/econom…
Participation is dwindling in a Federal Reserve program that has helped the U.S. government limit its borrowing costs. @WSJ wsj.com/economy/centra…
In 2024, interest is expected to cost the U.S. government nearly $870 billion—around 3% of GDP. @ManhattanInst manhattan.institute/article/econom…
Investor predictions do not mitigate the vast uncertainties of financial markets. @ManhattanInst manhattan.institute/article/econom…
What makes price theory unique in economics is its parsimonious balance between theory and empirical fact. @CityJournal city-journal.org/article/price-…
Justin Amash @justinamash
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Thanks @smithsoc for hosting this illuminating gentleman. I appreciate the way he is disrupting status quo mediocrity in human-capital formation. He noted @bryan_caplan's worthwhile book, The Case against Education: econamericas.com/2019/04/univer… #education #venturecapital #bschool…
I spoke last week w/ the Adam Smith Society about the decline of universities and breaking the credentialist cartel: youtube.com/watch?v=vNLJjC…
Thanks to Paul Atkins for speaking on ESG and the SEC with @UVALaw and @DardenMBA’s @smithsoc this week. And that's a wrap on our fall semester programming! Stay tuned for new resources next semester, including our 👩🏻⚖️ Spring Judge Speaker Series featuring 10+ guests to Grounds.
We’re glad to be co-hosting this event with the @DardenMBA chapter of @smithsoc!
At @smithsoc Chapter Leader Retreat this weekend. Thanks to @ManhattanInst for bringing so many smart and driven like-minded individuals together
It’s nearly here: On Tuesday, April 4, with MIT’s chapter of the Adam Smith Society, we’re co-hosting a debate on academic DEI programs, moderated by former ACLU President Nadine Strossen. Attend: sloangroups.mit.edu/adamsmithsocie… Watch: youtube.com/watch?v=elG_zy… More, in this brief 🧵👉
What is ESG? One thing that our @smithsoc debate agreed upon is there is no clear definition of ESG. Thank you Alex Cook for moderating and panelists Justin Danhof, Head of Corp Gov @StriveFunds & Patrick Temple-West, Governance Reporter @FT @justindanhof @Temple_West
Daron Acemoglu & I had friendly debate on min wage for Adam Smith Society. Key difference: level of competition & efficiency in labor markets. Me, lots; Daron, not as much. I point to K-12 edu reform & expand comm college to raise wages. tinyurl.com/4k34sdks @DrDaronAcemoglu
Many thanks to David Martina and the Adam Smith society of U Michigan/Ross for gracious hosting and a great evening. Earned Income Tax Credit and its history came under scrutiny.
"Superabundance" is an optimistic, life-affirming account of the progress that the combined forces of human ingenuity and markets have created—especially for the world’s poorest. cityjourn.al/3vERX0G via Yael Levin Hungerford
TOMORROW: @Shadow_Fed hosts @prezhess, @mickeylevy, @CharlesPlosser, @EconomicsOne, Deborah Lucas, Jeffrey Lacker, Athanasios Orphanides, Donald Kohn, and Michael Bordo for a conversation on the economy's trajectory and inflation. Learn more: manhattan-institute.org/somc-restoring…
Rebalancing the Federal Reserve: The central bank’s troubles stem from changes to its long-term strategy | @ManhattanInst SOMC member & @BostonCollege Professor @PIrelandEcon for @CityJournal city-journal.org/rebalancing-th…
my interview with @fatihguvenen where he will blow up everything you think you know about wages and the labor market city-journal.org/wage-stagnatio…
Economists may not have great models on inflation. But we do know that if you send everyone checks and pay for that by expanding the money supply, that is inflationary. @PIrelandEcon #greatForgetting city-journal.org/inflation-a-mo…
While both fiscal policy and monetary policy contributed to the recent rise in inflation, the latter has played the most critical role. cityjourn.al/3ok0JxM via @PIrelandEcon
This was a notably good talk actually. Allison Schrager knew the right questions to ask.
Inflation is rising at its fastest pace since 1981. Last week, @smithsoc held an event with @SteveForbesCEO @AllisonSchrager @NLeconandpolicy and Elizabeth Ames on ways to respond to inflation's historic surge and more. Don't miss the full discussion: bit.ly/3NrzQCN
🚨 🎥 TONIGHT at 6:30 p.m. ET: @SteveForbesCEO joins @AllisonSchrager along with his coauthors @NLeconandpolicy and Elizabeth Ames to discuss their book INFLATION for @smithsoc. Watch livestream here: youtu.be/Vrf3YF-z8No manhattan-institute.org/how-fix-inflat…
In October 2020, 31.6 percent of the American workforce always worked from home, while 22.8 percent sometimes or rarely worked from home, for a total of 54.6 percent, according to a recent survey. cityjourn.al/3L2Mfez via @ModeledBehavior & Christos A. Makridis
We're hiring at @ManhattanInst! If you're interested in any of these roles please don't hesitate to reach out: Event Coordinator Editor, Publications Development Officer Program Manager, @smithsoc Vice President of Development More info at: manhattan-institute.org/careers