America / Economy / Fiscal policy / Politics / Presidency

President Biden and the State of Inflation

Executive Summary  Last week, President Biden outlined his plan to counter inflation as the rate rises to around 7%  The President placed the blame of inflation on rising prices in a myriad of sectors including motor vehicles, prescription drugs, energy, and childcare  His solutions include programs to cut costs as well as protect wages by … Continue reading

Economy / Fiscal policy / Tax / Taxes

Tax Cut-Implications for Behavioral Economics

Richard H. Thaler, professor of behavioral science and economics at the University of Chicago, won the Nobel Prize in Economic Sciences this year “for his contributions to behavioral economics.” This is a relatively new field that combines the idea of psychology and economics. Standard economic models assume that humans are rational actors. However, behavioral economists … Continue reading

Clinton’s Financial Transaction Tax – A Solution Seeking a Problem
Economy / Presidential Race 2016 / Taxes

Clinton’s Financial Transaction Tax – A Solution Seeking a Problem

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

Why the Founding Fathers Would Dislike “Obamacare”
Affordable Care Act / Fiscal policy / Politics / Tax

Why the Founding Fathers Would Dislike “Obamacare”

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