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Advice for a New President
Keywords:
This Reagon Memo from 1980 was written by his advisors George Shultz, Milton Friedman, Paul McCracken and others before his first inauguration in 1980. It provides the new president with prudent advice on policy and methods to deal with soaring inflation and a stagnant economy. Its relevance today lies in the emphasis on charting out a long term plan for growth by encouraging private investment in the economy and providing a sure framework for the private sector to generate expansion.
The Reagan Memo of 1980 by Shultz, Friedman and other advisors on prudent economic policies for growth
01/04/2010
George Shultz, Milton Friedman, Paul McCracken and other economic advisors jointly sent this memo to U.S. president Ronald Reagan before his first inauguration. The memo provides advice on economic policies and methods at a critical time of soaring inflation and a stagnant economy, with economic difficulties matching what the U.S. economy faces today from the housing bubble and slow growth. Advice on the Romney Plan.
Grouped Articles
New York Times 07/21/2011
Wall Street Journal 05/26/2012
Wall Street Journal 05/26/2012
Gramm and Hubbard: What a Romney Recovery Might Look Like
Wall Street Journal 06/06/2012
George Shultz: Memo to Romney — Expand the Pie
Wall Street Journal 07/14/2012
Uncertainty and the Slow Recovery
Wall Street Journal 01/04/2010
John Taylor on U.S. Federal Reserve policies and booms and busts in the U.S. economy and no clear exit strategy
01/27/2009
Taylor points out that the dual mandate for maintaining unemployment and inflation goals has led to discretionary policies that have hurt the economy by leading to booms and busts. He calls for a single mandate on inflation goals. Taylor provides advice on the Romney Plan.
Grouped Articles
Martin Feldstein: The Federal Reserve's Policy Dead End
Wall Street Journal 05/09/2013
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Sluggish Economic Recovery Proves Resilient
Wall Street Journal 04/21/2014
The Dangers of an Interventionist Fed
Wall Street Journal 03/29/2012
S.&P. 500 Dips After Fed Signals No New Stimulus
New York Times 04/04/2012
Shadow Fed chairman John Taylor
01/20/2011
Taylor provides advice on the Romney Plan.
Grouped Articles
John Taylor: The Republicans' Shadow Fed Chairman
BusinessWeek 01/20/2011
Wall Street Journal 06/27/2011
New York Times 09/06/2011
Stimulus Has Been a Washington Job Killer
Wall Street Journal 10/03/2011
Greenspan image tarnished by newly released documents - The Washington Post
Washington Post 01/13/2012
Wall Street Journal 01/25/2012
Feldstein's proposal for a 2% cap on reduction in taxes from deductions and exclusions.
05/04/2011
Feldstein says its important to increases taxes not tax rates. And the the way to go is to follow the President's Bowles-Simpson Deficit Commission's proposal on tax expenditures. As it is politically difficult to eliminate deductions and exclusions he suggests another proposal- limit the reduction in taxes with a 2% of adjusted gross income cap on the reduction any taxpayer gets.
Grouped Articles
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
New York Times 07/04/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Tom Keene Talks to Martin Feldstein
BusinessWeek 07/07/2011
Wall Street Journal 07/12/2011
Top Democrats laud GOP debt-ceiling move - The Washington Post
Washington Post 07/14/2011
Martin Feldstein on America's foreign posture.
02/16/2006
Opportunities in India, the dollar and other issues.
Grouped Articles
There's More to Growth than China . . .
Wall Street Journal 02/16/2006
The Dollar at Home -- and Abroad
Wall Street Journal 04/28/2006
Obama supports adding India as a permanent member of U.N. Security Council
Washington Post 11/08/2010
Wall Street Journal 05/26/2012
U.S. Envoy Prods India on Reforms
Wall Street Journal 05/18/2011
Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.
10/01/2009
Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Preventing the Next Financial Crisis
Wall Street Journal 10/23/2009
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Jobs Now, Deficit Reduction Later
BusinessWeek 10/29/2009
John Taylor and other experts on the U.S. budget, deficits, and private investment for jobs
01/27/2009
Taylor asks why the U.S. cannot get by on a budget that is 20% of GDP, when this is what the budget was in 2007 and GDP is much larger today. He says private investment can do a better job reducing unemployment and creating a growing U.S. economy. Taylor provides advice on the Romney Plan.
Grouped Articles
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Obama's Permanent Spending Binge
Wall Street Journal 04/22/2011
Five Lessons for Deficit Busters
Wall Street Journal 06/20/2011
Wall Street Journal 06/27/2011
Charlie Rose Talks to Robert Rubin
BusinessWeek 08/04/2011
Washington Post 08/07/2011
John Taylor on U.S. leadership for the world economy
11/01/2011
Grouped Articles
A Slow-Growth America Can't Lead the World
Wall Street Journal 11/01/2011
Greenspan image tarnished by newly released documents - The Washington Post
Washington Post 01/13/2012
Wall Street Journal 01/25/2012
Wall Street Journal 02/11/2012
Wall Street Journal 05/26/2012
Wall Street Journal 05/26/2012
Feldstein on a strong U.S. dollar at home and a competitive dollar with trading partners
04/28/2006
Grouped Articles
Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
The Dollar at Home -- and Abroad
Wall Street Journal 04/28/2006
Wall Street Journal 05/26/2012
A Declining Euro Can't Cure All Ills
Wall Street Journal 07/16/2012
Martin Feldstein and other experts renew their call to stem the decline in house prices with a new policy for homeowners under water - 2010-2012
01/05/2009
The cost would be an estimated $350 billion to cancel some of the mortgage debt of homeowners. Feldstein says this is a necessary step to revive the U.S economy. Letting the forest fire of foreclosures burn itself out would damage the U.S. economy further. Feldstein says this is not an option.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
How to Stop the Drop in Home Values
New York Times 10/12/2011
Martin Feldstein, Sheila Bair and other experts on the Bowles-Simpson Deficit Commission proposals
11/17/2010
Grouped Articles
The Deficit Dilemma and Obama's Budget
Wall Street Journal 11/18/2010
America's budget deficit: Speak softly and carry a big chainsaw
Economist 11/20/2010
Sheila C. Bair - Will the next fiscal crisis start in Washington?
Washington Post 11/26/2010
Debt and Taxes: Will Washington Ever Grow Up?
BusinessWeek 11/17/2010
Martin Feldstein - How to cut the deficit without raising taxes
Washington Post 11/29/2010
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
Washington Post 01/26/2011
Allan Meltzer's program for the economy and advice to the Fed and policymakers in 2011-2012
08/11/2011
Allan Meltzer on the dangers of a loose monetary policy and the need for an early exit strategy.
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
The Folly of Economic Short-Termism
Wall Street Journal 08/11/2011
This Time, Maybe the U.S. Is Japan
Wall Street Journal 08/13/2011
Kansas City Fed President Defies Conventional Wisdom
New York Times 08/13/2011
From World War II, Economic Lessons for Today
New York Times 08/13/2011
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