I have been taking some time thinking about what to write about the health care debate. I thought it should be thoughtful, well-researched, with me carefully looking at the various documents and coming to an economic conclusion. Well I did all that, but have to come to the conclusion that the system is [...]

Filed under: NewOak Blog by Vincent Truglia

As some of you may know, Friday the 17th is the Roman (Italian) equivalent of Friday the 13th in most countries. I have actually seen highly educated motorists in Italy back their car up when a black cat ran in front of them on such a Friday. Hopefully, today won’t turn out to [...]

Filed under: NewOak Blog by Vincent Truglia

As many of my regular readers know, I usually support government bailouts during financial crises, the reason being that the cost of a default often far surpasses the cost of a bailout. However, beyond this basic idea, we need to keep in mind a number of important caveats. First, bailouts are necessary when [...]

Filed under: NewOak Blog by Vincent Truglia

The Obama Administration is making its first foray into financial regulatory reform. It is a natural reaction to the excesses and abuses that occurred during the financial crisis, which brought the US and world economy to the edge of a total financial and economic meltdown. The problem with any regulatory reform is that [...]

Filed under: NewOak Blog by Vincent Truglia