The Rick Mishkin Steak n Shake Connection

The W$J has an article Wednesday about the new financial disclosures from the members of the Federal Reserve Board. (The disclosures themselves don’t appear to be online yet, but should eventually show up here.) The headline refers to Chairman Ben Bernanke’s “conservative mix of assets,” but my favorite bit of information came at the end [...]

(Possibly) non-bogus arguments for keeping private equity taxes the way they are

The Senate Finance Committee held another hearing Tuesday on the taxation of carried interest at private equity and venture capital partnerships and hedge funds. I looked quickly through the prepared testimony–it’s three law professors saying the current (low) tax treatment is ridiculous, a venture capitalist in Denver saying he wants to be taxed more (really; [...]