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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California’s Marin County Pension System Moves Toward More Prudent Investment Return Assumptions
The pension system recently joined a handful of other local pension plans adopting more realistic investment return assumptions.
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California Should Prioritize Paying Down Public Pension Debt
California's long-term budget concerns should motivate policymakers to pay down the state's public pension debt as quickly as possible.
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Does the Bay Area Need a New Subway Tunnel?
With uncertainty around travel patterns and a likely permanent increase in remote work, BART’s existing transbay tunnel is unlikely to return to its peak utilization in the years ahead.
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Putting Milton Friedman’s Shareholder Primacy Ideas in Historical Context
If corporate executives eschew profits in pursuit of social responsibility, they are, in Friedman’s terms, “spending someone else's money for a general social interest.”
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New Budget Reconciliation Resolution Portends Dangerous Debt Trends
The resolution predicts the national debt will reach $41 trillion in 2030.
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Initial 2020 Revenue Figures In Many States Are Higher Than Expected
The COVID-19 pandemic didn’t hurt state tax revenues as badly as had been predicted by many states and economists.
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Examining Private Equity in Public Pension Investments
Public pension systems should thoroughly evaluate the downsides of private equity investing before increasing their allocations to the asset class.
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How the Federal Reserve’s Actions and Low Interest Rates Impact Public and Private Retirement Savings
Policymakers should give more consideration to the adverse impacts that repressive interest rate policies have on both public and personal retirement savings.
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COVID-19’s Lasting Impact on Housing, Commuting and Climate Change
The COVID-19 pandemic is forcing Californians and policymakers to adapt to accelerating trends that were already underway.
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How to Improve and Speed Up COVID-19 Vaccine Distribution
Rather than getting too caught up in prioritization, state and federal officials should focus on delivering vaccines as quickly as possible to those that want them.
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Pension Debt Grows as Public Pension Systems Post Low Investment Returns for 2020
State-managed public pension systems likely added over $200 billion in additional pension debt in 2020.
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It Is Time to Depoliticize Our Lives a Bit
As we enter the holiday season amidst the pandemic and relentless political drama in Washington, D.C., it’s a good time to think about how to make politics a smaller part of our lives.
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The COVID-19 Pandemic Has Not Crushed State and Local Government Tax Revenues
The Census Bureau finds state and local governments collected $1.12 trillion in tax revenue during the first nine months of 2020, just $8 billion less than the same period in 2019.
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West Virginia’s Pension Reforms Offer Lessons For States and Cities
Ten years after pension reforms were implemented, West Virginia's municipal pension plans are seeing funding improvements.
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Reduced Revenue and Ridership Should Have San Francisco Rethinking Rail Expansions
Bay Area transportation planners should consider postponing or scaling back their ambitious and expensive rail projects.
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After Health Care Workers, Focus on Getting Vaccines Out Quickly
Rather than complicated debates about who is most worthy of being immunized, and in which order, states should focus on distributing vaccines safely and quickly.
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Census Bureau Finds State and Local Pension Contributions Come Up Short
Only 76.1 percent of surveyed pension plans paid their full actuarially determined contribution in 2019, according to Census Bureau data.
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Theme Park Closures Are Hurting State and Local Tax Revenues
Identifying ways to safely open California theme parks could boost city and state revenues and quiet calls for more federal stimulus money to offset tax losses.
