We have another Presidential candidate.
Lawrence Kotlikoff running for President of the U.S. on a Third Party ticket.
Kotlikoff has actively proposed extremely simple reforms of the U.S. financial system, tax system, health care system, and retirement income system. His proposed reform of the financial system[6][7][8], discussed in Jimmy Stewart Is Dead, called Limited Purpose Banking, transforms all financial companies with limited liability, including incorporated banks, insurance companies, financial exchanges, and hedge funds, into pass-through mutual funds, which do not borrow to invest in risky assets, but, instead, allows the public to directly choose what risks it wishes to bear by purchasing more or less risky mutual funds. Limited Purpose Banking keeps banks, insurance companies, hedge funds and other financial corporations from borrowing short and lending long and leaving the public to pick up the pieces when things go south. Instead, it forces financial intermediaries to limit their activities to their sole legitimate purpose—financial inter-mediation. Limited Purpose Banking substitutes the vast array of extant federal and state financial regulatory bodies with a single financial regulator called the Federal Financial Authority (FFA). The FFA would have a narrow purpose namely to verify, disclosure, and oversee the independent rating and custody off all securities purchased and sold by mutual funds.
Kotlikoff's 2007 book, The Healthcare Fix, proposed a system of vouchers somewhat similar to Paul Ryan's current plan. His proposal is that every American would receive a voucher that would have to be honored by insurance companies. The amount of the voucher would be adjusted for the costs to the insurance company of the person's coverage--i.e.sicker people would have their voucher amount increased. Kotlikoff has denounced critics of the plan such as economist Paul Krugman and President Obama for demagoguery over word voucher--arguing that the current health care law relies on vouchers. [9] He argues that the current Medicare program is unsustainable and that we have no choice but to embrace a plan with vouchers in this Business Week op-ed.
Kotlikoff fervently dislikes both political parties and has called for a third party, which he hopes will save America.
http://en.wikipedia.org/wiki/Laurence_Kotlikoff
Lawrence Kotlikoff running for President of the U.S. on a Third Party ticket.
Kotlikoff has actively proposed extremely simple reforms of the U.S. financial system, tax system, health care system, and retirement income system. His proposed reform of the financial system[6][7][8], discussed in Jimmy Stewart Is Dead, called Limited Purpose Banking, transforms all financial companies with limited liability, including incorporated banks, insurance companies, financial exchanges, and hedge funds, into pass-through mutual funds, which do not borrow to invest in risky assets, but, instead, allows the public to directly choose what risks it wishes to bear by purchasing more or less risky mutual funds. Limited Purpose Banking keeps banks, insurance companies, hedge funds and other financial corporations from borrowing short and lending long and leaving the public to pick up the pieces when things go south. Instead, it forces financial intermediaries to limit their activities to their sole legitimate purpose—financial inter-mediation. Limited Purpose Banking substitutes the vast array of extant federal and state financial regulatory bodies with a single financial regulator called the Federal Financial Authority (FFA). The FFA would have a narrow purpose namely to verify, disclosure, and oversee the independent rating and custody off all securities purchased and sold by mutual funds.
Kotlikoff's 2007 book, The Healthcare Fix, proposed a system of vouchers somewhat similar to Paul Ryan's current plan. His proposal is that every American would receive a voucher that would have to be honored by insurance companies. The amount of the voucher would be adjusted for the costs to the insurance company of the person's coverage--i.e.sicker people would have their voucher amount increased. Kotlikoff has denounced critics of the plan such as economist Paul Krugman and President Obama for demagoguery over word voucher--arguing that the current health care law relies on vouchers. [9] He argues that the current Medicare program is unsustainable and that we have no choice but to embrace a plan with vouchers in this Business Week op-ed.
Kotlikoff fervently dislikes both political parties and has called for a third party, which he hopes will save America.
http://en.wikipedia.org/wiki/Laurence_Kotlikoff
