Trump

The Trump Tax

Will Donald Trump follow through on his populist campaign promises? The stock market can tell us a lot about the President-elect's economic policies.  President-elect Donald Trump broke...

How Will Antitrust Policy Look Under President Trump? Q&A with The Capitol Forum’s Teddy Downey

Will President Trump go after Silicon Valley, or block the AT&T-Time Warner merger? Teddy Downey, CEO and executive editor of The Capitol Forum, explains how...

One Happy Byproduct of 2016: An Overdue Tax Policy Debate

Rich people are much richer than they used to be in large part because they pay much less tax than they used to. This—not...

Campaign Finance in the 2016 Election: With Federal Reform Unlikely, the Use of Super PACs has Become More “Brazen”

While it is still too early to draw any decisive conclusions regarding the role money played during this election cycle, some trends can already...

Finance and Healthcare Bound to Gain from Clinton’s Presidency

Hillary Clinton has promised to be tough on finance and pharmaceutical companies. So why do financial and healthcare stocks go up when the probability...

In the 2016 Presidential Election, Only 0.4 Percent of Donations Were Made by Donors Who Donated to Multiple Candidates

In the 2016 election, Donald Trump received few donations from people who had donated to other candidates in the Republican primary; the opposite occurred...

Attorneys General for Sale? We Should Focus on the Practice, Not Just on Trump’s Role

Trump is not the only, nor the biggest, player in the game of influencing attorneys general. Singling him out for opprobrium is aiming at the...

Donald Trump and the Political Economy of Real Estate Tax in the US: Q&A With Professor Edward Kleinbard

Edward Kleinbard from the University of Southern California explains how Donald Trump was potentially able to lose nearly a billion dollars of his investors’...

Campaign Financing Capture Index: Candidates on Fundraising Spree Attract Millions from Big Donors

With Marco Rubio out of the race, Ted Cruz is now the candidate with the largest fraction of political contributions over $5,000. Before dropping...

Donald Trump, Crony Capitalist

The sleep of reason produces monsters, at least according to Spanish painter Francisco Goya. What happens when the political reason is intoxicated by vested...

LATEST NEWS

Why Have Uninsured Depositors Become De Facto Insured?

Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not what Congress intends the FDIC to do, writes Michael Ohlrogge.

Merger Law Reaches Acquirer Incentives and Private Equity Strategies

Steven C. Salop argues that Section 7 of the Clayton Act prohibits mergers in which the acquiring firm’s unilateral incentives and business strategy are likely to lessen market competition.

Tim Wu Responds to Letter by Former Agency Chief Economists

Former special assistant to the president for technology and competition policy Tim Wu responds to the November 27 letter signed by former chief economists at the Federal Trade Commission and Justice Department Antitrust Division calling for a separation of the legal and economic analysis in the draft Merger Guidelines.

Can the Public Moderate Social Media?

ProMarket student editor Surya Gowda reviews the arguments made by Paul Gowder in his new book, The Networked Leviathan: For Democratic Platforms.

Uninhibited Campaign Donations Risks Creating Oligarchy

In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.