Should she win in November, Hillary Clinton’s platform on financial services will likely serve as the financial policy roadmap for the next four years. Notable within Clinton’s Wall Street plan, released last October, is a call for a financial transaction tax (FTT) on high-frequency trading (HFT). A financial transaction tax is an excise tax on trades … Continue reading
On June 15, the House Budget Committee gathered to discuss the need for fiscal goals to “drive discipline and accountability”, in the words of Chairman Tom Price. The hearing comes at a time of a skyrocketing Public Debt of $19 trillion, a sluggish economic recovery and another recession looming around the corner. The U.S. has sustained … Continue reading
Among the many popular topics of the 2016 presidential campaigns, healthcare remains a timeless defining issue sparking vivid debate on both sides of the political spectrum. In the 2016 presidential campaign, the Affordable Care Act (ACA) – commonly referred to as “Obamacare” – has become the privileged scapegoat. However, beyond the political contention, an aspect … Continue reading
Economic freedom gives individuals the ability to pursue self-wants in the most efficient way possible—via the market. Many laws and regulations, in the name of consumer protections or marketplace fairness, take away our fundamental right of economic freedom. Continue reading
If you ask the mayor of Zug, a tiny Swiss suburb, what his town’s population is, he would likely give you the official estimate of 27,000. But a quick dive into Switzerland’s most recent census report reveals that Zug is also home to over 30,000 businesses. This means one of two things. Either each of … Continue reading
There is no question that Monsanto has a controversial reputation. It is the country’s leading producer of genetically modified seeds, and consequently the largest target for anti-GMO activists. Now, critics are balking at Monsanto for entirely unrelated reasons: the Missouri-based firm recently announced its plan to buyout a Swiss chemical manufacturer and make the joint … Continue reading
The Michigan state government recently stumbled across a startling statistic. Over the past decade its revenue streams were $8-10 million below what it expected. The cause? Residents of nearby states have been smuggling millions of bottles and cans into Michigan, taking advantage of its nation-leading 10-cent bottle refund. Michigan is one of 10 states nationwide … Continue reading
