Category Archives: Political & Geopolitical

On the “Buffett Rule” – At My Own Peril

President Obama has been pressing hard for passage of the so-called Buffett Rule since late last summer. The Buffett Rule is a proposed tax law that would require anyone making over a million dollars a year to pay a minimum of 30% of that money in income taxes. Actually, the proposed law is much more…

The High Cost of Cheap Money

At the last Fed policy meeting on March 13, the FOMC vowed once again to keep the Fed Funds rate near zero until late 2014. The Fed seems to believe that this policy of extremely low rates will be most conducive to economic growth. But it does not appear to be working. As a result,…