Winter 2014: Fooled by Randomness

January 24, 2014

   In 2001, a middle-aged Wall Street trader named Nassim Taleb published a book that few outside of the financial world noticed.  With the S&P 500 Index having double-digit gains for the year, managers of hedge funds were enjoying considerable press; however, Taleb warned that hedge fund managers were less geniuses with exceptional insight than…

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Fall 2013: The 16th Amendment and Corporate Taxes

October 28, 2013

Fall 2013 In the spring of 1895, Charles Pollock took it upon himself to do what few men have done before him, or since.  In an age where industrialists ran the nation and were being portrayed as robber barons, Pollock fought for the repeal of the newly instated Wilson-Gorman Tariff, a bill that lowered the…

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Summer 2013: The Price of Partisanship

October 10, 2013

Summer 2013 As the United States economy was sinking into a recession in the fall of 2008, an economics professor at Harvard University, Gregory Mankiw, wrote in The New York Times that the best way for the U.S. to reverse the economic downturn and the prospect of deflation would be to embrace the economic policies…

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