Category: Ohio Citizens Grand Jury

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Political class freedom redistribution (Part 1)

The Anuszewski-Zinn Paradox For the past ten weeks OCGJ has focused on those sectors of the political economy that benefit most from redistributed citizen wealth. Lobbyists, lawyers, non-profit executives compensated by tax dollars and pay-to-play kickbacks to elected officials characterize...

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Operational Risk Management (ORM) 101

Political class wealth redistribution (Conclusion) For the past nine weeks OCGJ has focused on various sectors of the political economy that benefit most by citizen wealth redistribution. Politicians, lobbyists, political consultants, earmark recipients, the military-industrial complex, academia, not-for-profit organizations, attorneys and...

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Moral hazard, risk and wealth redistribution

Political class wealth redistribution (Part 9) Federal Reserve Chair Janet Yellen recently expressed grave concerns about the “growing gap between the rich and everyone else…..” (Source: Martin Crutsinger Associated Press, Dayton Daily News, 10/18/2014).  Crutsinger observes this is unplowed ground...

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Money, truth and the legal battle

Political class wealth redistribution (Part 8) In “Truth and the legal battle”, Hirschleifer and Osborne analyze the two main factors that determine relative litigation success….. (1) The truth and (2) resources expended by each litigant. (Source: Jack Hirschleifer and Evan...

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The “not-for-profit” deception

Political class wealth redistribution (Part 7) To some, the “not-for-profit” tag on a private corporation may conjure up thoughts of charity, sacrifice and selfless dedication to the public good. That notion couldn’t be further from reality for most non-profits designated...