• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Paul Volcker

    The Volcker Rule: Three Years and Nearly 1,000 Pages Later

    Five financial regulatory agencies have completed the final rules to implement the Volcker Rule, a regulation required by the Dodd–Frank bill that is supposed to protect taxpayers by restricting banks’ financial activity. The rule would prohibit banks from engaging in what’s known as proprietary trading—that is, making risky investments solely … More

    Volcker Pronounces VAT a No Go

    According to Paul Volcker, former Chairman of the Federal Reserve and a senior economic advisor to President Obama, an European-style Value Added Tax (VAT) would be a good idea for the United States but is too unpopular to be under consideration “now or for the indefinite future.” On the one … More