Consumer protection

What Nassim Taleb Can Teach Us

Nassim Nicholas Taleb does not suffer fools gladly... "we are increasingly ruled by an intellectual, political, economic, and cultural elite that does not bear the consequences of the decisions it makes on our (unwitting) behalf..."

TDB's picture

If space truly is the final frontier, then it won’t be long until the first pioneers are making the journey, as several companies race to take paying passengers out of the Earth’s atmosphere and beyond. And true to form, right on its heels will be the regulators, red tape lassos in hand.

But like any brand new industry, the slight head start of the businesses will give them the opportunity to show the high standards that can be accomplished absent government control — and with any luck, they can do it in a way compelling enough to cast doubt on the “necessity” of regulation.

Michael Hudson: Trump Is Obama's Legacy - Is This The End Of The Democratic Party?

"...the Democrats will continue to pose as the Lesser Evil party not really in terms of policy, but simply ad hominum. They will merely repeat Hillary’s campaign stance: They are not Trump... having lost its ability to pose as the party of labor and the middle class; and firmly controlled by Wall Street and California billionaires, the DNC strategy of identity politics encourages any identity except that of wage earners..."

12 Million Americans Are About To Get An Artificial Boost To Their FICO Scores

Tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from consumer financial scorecards, in the process artifically boosting the FICO score for as many as 12 million Americans. "It’s going to make someone who has poor credit look better than they should," said John Ulzheimer, a former manager at Experian and credit-score creator FICO.

Reggie Middleton's picture

The Winkelvoss Bitcoin ETF just might be salvageable. There were some fairly egregious misconceptions and dated understandings in the SEC's reasoning to reject the application. I can show those who are interested how to construct a stronger application that overcomes the objections. The demand is there, we just need to get the vehicle correct.

6 Steps Toward A More Sane Economic Policy

As the Trump administration takes shape, it may be helpful to remind ourselves of some of the steps that can be taken in the direction of economic policy that better allows private citizens to be free and flourish.

Would Ayn Rand Have Cast President Trump As A Villain?

After Donald Trump announced a number of cabinet picks who happen to be fans of Ayn Rand, a flurry of articles appeared claiming that Trump intended to create an Objectivist cabal within his administration. However, the claims about Rand’s influence in the administration are vastly overblown.

The Fed's General Counsel Is Retiring

The Federal Reserve's general counsel, Scott Alvarez, will retire this year after a 36-year career at the central bank including more than 12 years as head of the Legal Division. the Fed said Wednesday.

Socialism, Not Oil, Is The Cause Of Venezuela's Problems

Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held back its economy during the oil boom and are the direct cause of its economic collapse today.