The Durbin Amendment, part of the Dodd-Frank Act, was supposed to promote competition by capping interchange fees for payment networks like Visa, mandating merchant choice in processing networks for large issuers. However, the Act’s legacy has been a poor one…
Read moreBy Gordon GrayDecember 23, 2024 On Monday, December 2, Delaware Chancery Court Judge Kathleen McCormick delivered her ruling on Tesla’s proposed $56 billion pay package for CEO Elon Musk, striking it down despite shareholders voting twice to approve the deal. Let’s…
Read moreSince the early days of his campaign, President Donald Trump has pledged to impose wide-ranging tariffs on many imported goods, including a 10 percent or higher tax on imports from other countries. This decision has made waves, drawn criticism, and…
Read moreFor many politicians on both the left and right, casting “Wall Street” as a villain is about as reliable as a sunset. This is no less true in housing policy, particularly as rising housing costs have led to significant home…
Read moreThere’s been no shortage of ink spilled over the ascendance of populism in the current U.S. political debate, particularly among conservatives. Strains of populism have long coursed through the Republican Party, animating long-running debates on issues ranging from trade to…
Read moreEvery month, the federal government releases at least two measures of inflation: the consumer price index and the personal consumption expenditures index, which is the measure of inflation preferred by the Federal Reserve.
Read moreThe United States has become the largest market in the world, and at the same time it delivers the highest standard of living to its citizens compared to the world’s other major economies. Contrast this success with other large economies such as…
Read moreIn the investment industry, there is a little-known subsector that wields an outsized amount of power given the level of attention it receives. Proxy advisory companies are independent firms that provide data, research and recommendations to investors on how to…
Read moreA tariff is a tax on imports. Taxes make us poorer. There has been a public debate among some economists as to whether the effects of tariffs are inflationary. In general, they raise the relative prices of imported goods but…
Read moreAt root, taxes are supposed to fund the provision of public goods – the basic function of government. Even a quick glance at the Internal Revenue Code would put to rest the notion that it is merely an efficient source…
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