CFTC Proposal for High-Speed Trading May Drive Business Offshore
My article in American Banker is available here
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7 Outcomes of Legalized Marijuana in Alaska (or not)
Marijuana in Alaska? As the ballot measure allowing citizens to vote on the legalization of recreational marijuana in the State of Alaska moves forward, I started to think about some possible changes we might see in our state if the measure passes. The following are the top 7 changes our state might see if recreational …
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ACA Market Distortions May Not Allow Cancelled Policies To Be Reissued
It may not be possible for 5,000,000 people to get their insurance back. Over 5,000,000 people have lost their existing health insurance under the Affordable Care Act. Even though they liked their health insurance, they were not able to keep it. These people then experienced significant sticker shock when they went to purchase health coverage …
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Fiscal Policy Hasn’t Been In Vogue Since 1953
The Other Fiscal Cliff Resides In a Chart While running some queries on Google’s Ngram Viewer, a phrase-usage graphing tool searching over 5.2 million books in Google’s digital library, I came across a rather startling trend. When comparing the use of the terms “monetary policy” and “fiscal policy” I discovered that discussion of fiscal policy …
Why The Fed’s Monetary Policy is Failing
“There are studies that indicate that economic growth slows when public and private debt exceeds 260% to 275% of GDP. The U.S. hit the 260% level in 2000.” A recent paper by Hoisington Investment Management Company (available here) does an excellent job describing why the Federal Reserve is, and will continue to be, unsuccessful in …