Edward Conard is the author of the New York Times top-ten bestselling book Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012), and The Upside of Inequality: How Good Intentions Undermine the Middle Class (2016). He is a visiting scholar at the American Enterprise Institute and was previously a founding partner of Bain Capital. Since the publication of Unintended Consequences, Conard has made over 100 television appearances in which he has debated leading economists including Paul Krugman, Joe Stiglitz, Alan Kruger, Austen Goolsbee, and Jared Bernstein; journalists including Jon Stewart, Fareed Zakaria, Chris Hayes, and Andrew Ross Sorkin; and politicians such as Barney Frank, Howard Dean, and Eliot Spitzer. Conard has a master of business administration degree from Harvard Business School and a bachelor of science degree in engineering from the University of Michigan.
More About Edward Conard
Its clear from the evidence: what overwhelmingly makes a person poor, whether African American or white, is an inability or failure to complete school and being raised by an unmarried parent.
Raising the minimum wage reduces lower-skilled employment.
When you look at the amount of profit being made by investors, its very small in comparison with the value to consumers.
The left has blamed the success of the 1% on the slow growth of middle incomes. If income inequality were truly bad for the middle class, we would not have seen the outsized growth in employment in the U.S. relative to Europe and Japan.
Chetty and Saezs new study, Is the United States Still a Land of Opportunity? Recent Trends in the Intergenerational Mobility, debunks the notion that income mobility in the U.S. has declined.
Edward Conards blog.
The Fed has printed more than $2 trillion of money since the financial crisis -- a fourfold increase -- with little, if any, effect on growth or inflation.
If QE was working if it created more value than it cost why would the Fed reset policy expectations prematurely while unemployment is still at 7.5%, and even higher if you include the underemployed?
Edward Conard, former partner at Bain Capital, talks with Betty Liu about the impact of pending immigration legislation on the Republican party and explains why he believes the Fed has failed with quantitative easing. (Quantitative easing conversation begins at 3:01.)
For the U.S. economy to reach its full potential, Washington should return to the policies that drove economic growth over the past two decades: lower federal spending and less onerous government regulation.