December 22, 2014

About Megan Russell

Megan Russell+ is the Systems Analyst for Marotta Wealth Management. A Cognitive Science graduate from the University of Virginia, Megan loves neuroscience, formal logic, creative writing, kittens, and her childhood. Her favorite blog series: Wealth Inequality in America.

Obama Acts Like a Mob Boss, But There Is a Solution

Obama Like a Mob Boss

A mob boss exercises absolute control over his many followers and profits from the often criminal activities of his organization.

Read More...

Contact Lens Regulations Cost Consumers Billions

Contact Lens Regulations Cost Consumers Billions

It is illegal to sell contacts in the United States without requiring a prescription. A Federal Trade Commission regulation provides penalties of up to $11,000 per violation.

Read More...

How Not to Promote College Innovation

How Not To Promote College Innovation

These noble-sounding goals intuitively appear useful, but the federal government has only two ways to encourage change and neither of them helps in this case.

Read More...

Stop Borrowing From Yourself

Stop Borrowing From Yourself

Stop borrowing from your future self. Each day you fail to save is another day where you tighten the ball and chain around your ankle. You deserve better than that.

Read More...

How To Buy A College Degree

How to Buy a College Degree

Unfortunately, Obama’s good intentions are thwarted by the economic principle formulated by banker Charles Goodhart.

Read More...

Financial Willpower

Financial Willpower

The amount of energy available in the brain to exercise self-regulation and resist temptation is a limited resource. When the account runs out, well… you know the kind of decisions you make.

Read More...

The Economics of a Thanksgiving Turkey

The Economics of a Thanksgiving Turkey

The average factory-farmed frozen turkey from a grocery story is sold for as little as $0.67 per pound. Economics can offer five explanations.

Read More...

We Need a Partial Shutdown of Government

Partial Shutdown Needed

Unless McConnell is willing to risk a government shutdown, he will ultimately have to acquiesce to Obama’s wishes.

Read More...

Mailbox: Which States Allow Prize-Linked Savings Accounts?

The Drive of the Lottery

There are thirteen states so far. Does your state allow them?

Read More...

Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

Last year plans were being cancelled. This year, citizens are receiving notifications of rate hikes in the double digits. Is this really happening?

Read More...

Interview with Senatorial Candidate Robert Sarvis

Sarvis

We e-mailed all the senatorial candidates inviting them to be interviewed on our blog. Of all the candidates, Robert Sarvis, the Libertarian 2014 Virginia Senatorial candidate, was the only one to respond.

Read More...

The Drive of the Lottery

The Drive of the Lottery

The lottery is based on the most powerful way to motivate people and change their behavior: a variable reward in response to a specific behavior.

Read More...

The Mindset of the Lottery

The Mindset of the Lottery

The classic conversational pastime of answering the question, “What would you do if you won the lottery?” could help you or it could hurt.

Read More...

The Luck of the Lottery

The Virginia Lottery

Government-run lotteries have a sordid and monopolistic past. Should we enforce a separation of sin and state?

Read More...

Five Lessons from the Whiskey Rebellion

Protest

The Whiskey Rebellion established the sovereignty of “we the people” to tax and oppress any selected group.

Read More...

How To Diversify Highly Appreciated Stock

Dog and Turtle

Exchange funds, also know as swap funds, can provide investors with one highly appreciated security a way to trade it for an equivalently valued but more diversified portfolio.

Read More...

Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

Read More...

How Can We Make Medical Insurance Affordable?

Doctors at work

We must return, as much as possible, to a fee-for-service approach to health care and restore the traditional doctor-patient relationship.

Read More...

Why Do Physicians Permit, If Not Encourage, Futile Medical Care?

Mark Marotta

We can only afford to allow others the freedom to strive against death when we are not trying collectively to subsidize it.

Read More...

Skin in the Game of Health Care

Piggy Bank on Money

“Shouldn’t patients and their families have some skin in the game as a brake on the profligate spending of other people’s money for health care?”

Read More...

Cryptic Medical Bills And Health Insurance

Eyechart

Next time you receive an unintelligible medical bill, remember how hard it is for your doctor to get paid.

Read More...

U.S. Health Care Costs versus Health Outcomes

Teddy Bear Hospital

Asians in New Jersey have the best life expectancy of any racial or ethnic group.

Read More...

Why Are Insurance Companies Reluctant To Cover Preventive Care?

Pink and Blue Piggy Banks

Now there is absolutely no charge for a costly set of test and procedures on the all-you-can-spend preventive care buffet.

Read More...

Do We Need Price Controls to Stop Exorbitant Hospital Fees?

Injured piggy bank with crutches

After the birth of my (David’s) first child, my wife and I noticed we were being billed for a very expensive bedpan and box of tissues that we had never used.

Read More...

Why Are Canadian Drugs Cheaper?

Money Pills

Why shouldn’t we just institute price controls in America?

Read More...

Chipotle’s Wisdom

Chipotle line

These quotes are provocative for what they say about us as Americans.

Read More...

The Wealth Of Nations Is Their Freedom

Berry Hard Work

“When institutions protect the liberty of individuals, greater prosperity results for all.” – Adam Smith

Read More...

Are We Lab Rats?

Lab Rat

If you are not paying for the product, you are the product.

Read More...

How to Open a Roth for Your Child

Open a Roth for Your Child

Someone has to be proactive about your child’s retirement and every year you don’t open a retirement account is another year you’re holding back compound interest.

Read More...

Our Government Versus The People

Hammer Lock

Government has never been known for customer service. But today it is known primarily for being against the very people it is supposed to serve.

Read More...

The Economics Of Healthcare

Injured piggy bank with crutches

Michael Kirsch, a practicing physician and newspaper columnist, laments that there are questions he can never answer satisfactorily for his patients. His questions are central to the public policy debate increasingly being decided by voters and politicians rather than physicians and economists.

Read More...

FINRA Supports Regulation to Quell Competition

Wolves in Sheep's Clothing

Beware of government regulation, especially when a portion of the industry thinks it’ll be good for business.

Read More...

Fight the NSA with Your Choice of Search Engine and Browser

Browser Choices

We are all embarrassingly honest with search engines.

Read More...

Capability Is Tyranny

Bullying

Those who stand by and do nothing are complicit in aiding the loss of freedoms for others.

Read More...

7 Quotes to Summarize U.S. Surveillance

Surveillance Quotes

“We don’t have concentration camps and political dissidents and large numbers being hauled into prison because we don’t need that because we have effectively put prisons inside people’s minds.”

Read More...

Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

Read More...

Capital Gains Tax Gets More Complicated

Holding breath

Now you may pay one of at least four different capital gains rates. The strategies to deal with capital gains differ for each level.

Read More...

How To Bilk Obamacare

Wonder

Learn how a family of four can qualify for a full subsidy with an income of $140,000 a year.

Read More...

Should You Ditch Your Budget?

Ditch the Budget?

Could this scheme from Mr. Money Mustache change your budgeting strategy?

Read More...

The Purpose Of The Federal Reserve

Red pawn

Unlike the markets, members of the Fed are able to make decisions that are in exactly the wrong direction if they don’t limit themselves with a rules-based system.

Read More...

Microfinance: Loans That Change Lives

Kiva: Loans that change lives

With as little as $25 you can begin loaning money to developing world entrepreneurs.

Read More...

Government Requires 146 Minutes Of Service Each Day

Financial Time Perspective

Without taxes, you could leave your job every day at 2:34 p.m

Read More...

What Happened to the Gold Standard?

Biting Money

The U.S. dollar was first regulated by the Coinage Act of 1792 and prescribed as 371.25 grains of pure silver. The eagle, worth $10, was 247.5 grains of gold. One cent, worth a hundredth of a dollar, was 24 grains of copper. The value of the metal contained in the currency kept prices relatively constant [...]

Read More...

Why Is The Federal Reserve In Your Wallet?

Christian LIndeMann, The New King of PickPockets

Members of the Federal Reserve openly admit it is not a federal agency.

Read More...

What Exactly Is Quantitative Easing?

Piggy Bank

Quantitative easing is a sneaky way to make everyone dealing in U.S. dollars pay off the U.S. debt.

Read More...

How Does The Fed Control Interest Rates In A Free Market?

Federal Reserve 2014

Even as recently as 2007, banks were paying 4% interest. Now you have to go to the hundredth decimal before you find your interest rate.

Read More...

Tax By Inflation

The Fading Dollar

In its simplest form, the government prints money and uses the newly printed currency to fund government spending.

Read More...

Five Unbelievable Financial Advisor Regulations

gavel_t

To comply, most firms must archive and report massive amounts of information. Here are five of the more interesting regulations.

Read More...

Every Business Should Start a 401(k)

Small business owners

The president’s hope to restrict the plans should actually make owners more interested in creating one.

Read More...

Republicans: Defining the Three Factions

More freedom less government

Which part of the conservative party appeals best to you: promoting the welfare of big business, legislating morality or advocating personal freedom and responsibility?

Read More...