Marc Joffe
Senior Policy Analyst
Marc Joffe is a senior policy analyst at Reason Foundation.
After a long career in the financial industry, including a senior director role at Moody's Analytics, Joffe's research focuses on municipal finances, alternative asset investments, transportation policy and federal, state and local fiscal policy.
His financial research has been published by the California State Treasurer's Office, UC Berkeley, the Mercatus Center at George Mason University, California Policy Center, The Center for Municipal Finance, and the Macdonald-Laurier Institute among others.
Joffe is a regular contributor to The Orange County Register and his op-eds have also appeared in The Fiscal Times, Governing, National Review, The Hill, and The San Jose Mercury News.
Joffe recently presented a panel paper at the APPAM 42nd Annual Fall Research Conference along with University of Texas, Dallas Associate Professor Evgenia Gorina and his Reason colleagues Anil Niraula and Jen Sidorova.
He has an MBA from New York University and an MPA from San Francisco State University.
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BART ridership numbers and projections don’t justify second transbay tunnel
By 2032, BART ridership is projected to reach only 70% of pre-pandemic projections.
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Testimony: State and Local Fiscal Recovery Funds program was not a good use of taxpayer money
The Coronavirus State and Local Fiscal Recovery Funds program was excessive and poorly targeted.
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Forcing public pension plans to make political investing decisions could hurt taxpayers and retirees
State lawmakers shouldn’t force their environmental or social goals onto pension fund managers.
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Working Paper: How shifting to a defined contribution retirement plan impacted teacher retention in Alaska
Using individual-level data for all Alaska teachers in the Teacher Retirement System before and after the retirement benefit change, we assess the effects of pension reform on teacher mobility out of employment with the Alaska K-12 system.
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Public pension plans need to consider the risks and drawbacks of environmental, social and governance investing
ESG investing may be at odds with public pension systems' responsibility to safeguard public employees' retirement benefits at the lowest possible cost to taxpayers.
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California financial audit arrives a year late and raises flags about unemployment benefits paid
California's 2020 annual comprehensive financial report took 583 days to produce.
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California’s next rail plan needs to consider the state’s population decline and work trends
Rail projects that were conceived in a time of growing population and higher utilization may no longer make sense.
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Milwaukee pension debt clouds Wisconsin’s otherwise positive retirement system picture
Although Wisconsin has one of the nation’s best-funded and most resilient public pension systems, these qualities do not extend to the state’s largest county and city.
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How California can start to address its declining population
The main reason for leaving California is the high cost of living.
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California’s leaders wisely challenge the federal government’s attack on state’s pension reform
Scaling back the state’s important bipartisan pension reform law would be expensive and doing so to try to secure federal funding for low-utilization mass transit projects like the Orange County Streetcar would be especially unwise.
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The Federal Reserve should rethink its stimulative policies
Higher interest rates will pain borrowers in both the private and public sectors.
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Houston firefighter pension plan makes a bold move into cryptocurrency investing
The Houston Firefighters’ Relief & Retirement Fund has invested $25 million in cryptocurrency.
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Federal Department of Labor halts California transit grants over public pension dispute
Reports indicate that California transit agencies stand to lose a total of $12 billion in federal funding due to the decision.
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Vermont explores public pension and OPEB reform
Vermont's public pension and OPEB plans have billions in unfunded liabilities weighing on taxpayers.
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Can virtual reality technology encourage remote work and slow climate change?
Virtual reality headsets and virtual meetings rooms could enhance the telecommuting experience for some.
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Municipal bonds reveal the weaknesses of ESG investing
Recent experience shows that incorporating ESG factors into municipal investing can be a convoluted, quixotic effort.
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Reasons to be skeptical of the potential revenues from the proposed billionaire tax
The short-lived measure is illustrative of a process issue that can drive up deficit spending.
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The US national debt is a threat to the nation’s economic future
The ratio of publicly held federal debt is expected to hit 202% in the next 30 years.
