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Commentary

The daily commentary section provides insights on complex issues in a brief and digestible format. Here you can find analysis of changing economic conditions and original perspectives on how the economy is affecting policy debates.

If You’re Waiting in a TSA Line July 4th Weekend, This Article Is for You

Jared Meyer | 07/03/2015

TSA has done nothing but grow in size and cost since it was created. Its record at stopping threats is dismal—if not non-existent—and its inefficiencies and disrespect for travelers would be laughable if they were not so disturbing a pattern or practice. Airline safety is far too important of a priority to be left to what is effectively a government jobs program. 

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This Supreme Court Case Will Decide the Fate of Unions in the U.S.

Diana Furchtgott-Roth | 07/01/2015

The line between political and nonpolitical spending is often blurred, leading to constitutional questions over collective bargaining’s violation of the First Amendment.

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Research

e21 spotlights and directly supports new research that's necessary to develop innovative economic policy solutions for the 21st century. This section highlights in-depth research papers from a range of academics, economists and thinkers across the political spectrum, fostering creative nonpartisan policy solutions to pressing economic concerns.

http://www.economics21.org/files/pdf/RPC%20Testimony%20Meyer.pdf

Millennials and the GOP: The Need to Restore Lost Economic Opportunity to America’s Young

Jared Meyer | Economics21 | June 23, 2015

Testimony Submitted to the House Republican Policy Committee. The political party that can brand itself as the party of entrepreneurs and innovation is the party that will make headway towards claiming the millennial generation. 

Testimony on Raising the Minimum Wage for Fast-Food Workers

Diana Furchtgott-Roth | Economics21 | June 22, 2015

An increase in the fast food minimum wage to $15 an hour, as the Wage Board is considering, represents an increase of 66 percent. According to the Bureau of Economic Analysis, labor costs account for slightly more than one-third of revenue for food and drinking establishments. Assuming no substitution effects, prices would go up by about 22 percent. If management could substitute away from direct labor, prices could go up by about 15 percent. To assume that prices would not increase with a 66 percent labor price hike is economic naïveté.

Morning eBriefs

Each weekday morning, e21 delivers a short email that provides a snap shot of the day's economic news. These eBriefs include e21 exclusive commentaries and the latest market news and updates from Washington.

Multimedia

What Is Next for the Fed?

Caroline Baum and Marvin Goodfriend discuss the Shadow Open Market Committee's core principles and monetary policy.

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Why Your Plan Was Cancelled: Health Insurance and the Affordable Care Act

There's a bizarre reason why millions of Americans saw their health plans cancelled in 2013 and, as explained in a new video featuring Robert Graboyes of the Mercatus Center at George Mason University, millions more will lose their plans in years to come. 

Insurance coverage for Americans will remain in permanent turmoil because the Affordable Care Act (ACA) requires that all plans fit within cookie-cutter designs called "metallic tiers." (The tiers—bronze, silver, gold, and platinum—refer to the percentage of medical expenses a particular plan pays.) The video also explains that families may have to switch plans repeatedly because, as circumstances change, a plan that fits within a tier one year may not fit in any tier in a later year.

Please see Dr. Graboyes’ op-ed on this issue (Under Obamacare, Americans Will Continue to Lose Coverage) http://www.usnews.com/opinion/economic-intelligence/2014/09/22/under-obamacare-americans-will-continue-to-lose-coverage

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