The financial system has been operating under “Gresham’s Dynamic” for some time. This simply means that bad ethics drives out good ethics. Professor Black is both a professor of law and economics, and was a high level financial regulator.
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Taxes are likely the single largest expense you will face over your lifetime. And they influence nearly every major financial decision you make, from saving and investing to retirement and
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The warning signs are no longer subtle. The Everything Bubble—fueled by record valuations, relentless leverage, and decades of policy intervention—is now
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