Below is an essay that I completed for a course in monetary policy. The goal was to critically appraise financial regulation efforts in light of the recent financial crisis. Essay Prompt: Drawing on the experience of the Great Financial Crisis, critically appraise how changes in the system of financial regulation might assist avoidance of future such [...]
Here’s a crazy suggestion, why not freely allow — but also tax — activities that harm other people? Well, that is the basic logic behind Pigovian taxes. With a Pigovian tax in place there is always an incentive to reduce the negative externality that is being taxed upon (such as pollution). In contrast stands regulation. [...]
Late yesterday afternoon Senators John Kerry (D-MA) and Richard Lugar (R-IN) introduced a piece of legislation dubbed “The Startup Visa Act.” With support from over 100 US venture capital and angel investors (including top players Y Combinator and Foundry Group), The Startup Visa Act represents a step in the right direction towards proper immigration reform. The [...]
Syndication for the sole purpose of sharing “inside” information with as many people as possible… Earlier today Greg Mankiw posted an email on his blog from “one of [his] many friends working for President Obama.” The email sheds some light on what happened this past week. I wouldn’t interpret it too literally as politics are obviously [...]