Allison Schrager
Manhattan Institute
New York, NY, United States
Contact Allison
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Allison:
New Economic Challenges, New Supply-Side Playbook: How Congress Can Fight the Next Recession
Despite the persistence of a strong job market, the conventional wisdom among business and academic economists forecasts a recession in 2023. Even as supply-chain disruptions fade, other inflationary pressures are proving more durable, most notably a tight labor market that has contributed to an... → Read More
Allison Schrager: Like Social Security? Then we should fix the program now
No matter what happens, there is a cost to waiting. → Read More
A Recession Won't Be as Scary as It Sounds
While the Fed’s inflation fight could throw the economy into reverse, a mild slowdown now might help avoid a deeper downturn later.Inflation like this can’t last forever. How it will end is now the more salient question. Often it takes a recession to break inflation. Economist... → Read More
Finding Your Power in a Higher-Priced World
Consumers have a lot more control than the last time the economy was plagued by inflation. On-the-spot comparison shopping is just one way to play defense.I am fairly compulsive about always having my keys with me. But after a series of mishaps, I got locked out of my apartment last week. It was... → Read More
Inflation Expectations Matter for Federal Reserve’s Clout
Faster price growth can become a self-fulfilling spiral and undermine the central bank’s credibility.After decades of rarely cracking 2%, inflation was up 5.3% year-over-year in August. This was unthinkable a few years ago, and it may get worse before it gets better. Ports, rails and trucks... → Read More
Wage Stagnation and Its Discontents: Rethinking the Safety Net to Encourage a More Dynamic Economy
Many Americans feel as though they can’t get ahead: the costs of housing, health care, and education keep rising, while their income has not grown much. Income stagnation has become one of the most pressing policy issues. Regarding the degree to which income has stagnated, we often hear the... → Read More
The Most Disturbing Aspect of the GameStop Spectacle
My first exposure to finance was a high school class on markets where we were required to read Peter Lynch’s One up on Wall Street. About 25 years later, including many years of studying economics and finance, what we were taught about investing seems crazy to me: that good investing entails... → Read More
Is Housing a Better Investment Than Education?
Suppose you’re 20 years old and you can either take a loan out to go to college or use that money to buy a house. Which is the better investment? Once, this question sounded like a no-brainer. College was the golden ticket in the modern economy, the clear path to a better standard of living.... → Read More
Is housing a better investment than education?
As student debt mounts, is a college degree still the best use of your money? → Read More
Economic Story Hour
Why the narratives we embrace about our finances matter Narrative Economics: How Stories Go Viral and Drive Major Economic Events, by Robert J. Shiller, Princeton University Press, 400 pages, $27.95 In October, David Leonhardt of The New York Times published an animated chart that was... → Read More
How to survive the coming retirement crisis
By some estimates, the world is short $400 trillion to pay for its aging population. → Read More
Supposedly “risk free” assets are looking awfully risky
If one asset class stands out for its high prices and potential systemic risk, it's low-risk bonds issued by governments in the US and Europe. → Read More
Is the Cheesecake Factory a blessing or a curse for labor markets?
New evidence suggests big chains are better for the economy than we previously thought. → Read More
In defense of economics
The profession has faced a lot of criticism lately: some of it is fair, some of it is based on misunderstandings, and some of it is outright conspiracy theories. → Read More
Bill Gates: 'Economists don't actually understand macroeconomics'
Economics is predictably unpredictable, says Microsoft's co-founder in an interview. → Read More
The European Central Bank cut rates again, but will it matter?
Retiring ECB president Mario Draghi is sticking with his inflation target. → Read More
The ECB, and central banking, is at a crossroads
The European Central Bank meeting tomorrow is one of the most significant in recent memory—not because it may cut rates, but because it might not. → Read More
Americans own more stock than ever—how will it change the economy?
Widespread share ownership has implications for the broader economy. → Read More
Don’t panic: The inverted yield curve doesn’t necessarily signal recession
The bond market gets exciting. → Read More
Why low interest rates are good for Millennials and bad for Boomers
Bad financial luck has come for the Baby Boomers. → Read More