MARKETS

Trump’s Proposal To Replace The Federal Income Tax with Tariffs

If Trump’s goal is simply to eliminate the federal income tax, then he should advocate for doing that and only that.

Mergers & Acquisitions: The FTC versus the Free-Market

Mergers & Acquisitions: The FTC versus the Free-Market

The FTC is placing itself as the primary arbiter when it comes to business transactions, and it is conveying that it can predict what the future holds for innovations and acquisitions. This creates an environment of not only great uncertainty for business, especially now that previous transactions may be revisited and reconsidered, but also great risk for the competitiveness of US firms.

Fake Banks and Real Banks

Fake Banks and Real Banks

We observe a run on deposits in a commercial bank, then observe that the same thing can happen to other financial institutions, then mistakenly assume these institutions are essentially the same.

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