Author Archives: economics501

About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.

Daily Spiritual Wisdom

  Someone has written these beautiful words. It’s a must read! Try to understand the deep meaning of it. They are like the ten commandments to follow in life all of the time ! 1]Prayer is not a “spare wheel” … Continue reading

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NYU Course Proposal – ULL Architectures for Electronic Trading

NYU School of Professional Studies – course proposal – Ted Hruzd July 2016 ULL (Ultra Low Latency) Architectures for Electronic Trading ***if interested in this course contact me- tedhruzd@gmail.com ***no confidential info from current or former employers are listed here … Continue reading

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A Parable by Jesus and Capitalism versus Socialism Debate

Ted’s letter was published in the August 20, 2015 edition of The Beacon, a weekly newspaper of the Roman Catholic Diocese of Paterson, NJ serving Morris, Sussex, Passaic counties.  The letter: This is in response to Robert Matrisciano’s 8/6 letter … Continue reading

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Bill de Blasio’s NYPD Agenda

I sent following to Bill O’Reilly: Killing NYPD De Blasio knows NYPD is not racist but he, along with Sharpton, Holder, Obama have following agenda: Nationalize local police forces, via executive order IF the chaos against the police continues to … Continue reading

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Jim Rickards Predicts an AfterShock Like Economy as Debt Explodes While Economy Weakens

Please read link way below regarding an interesting analysis and projection by successful investor Jim Rickards, with some great stats such as the Federal Reserve being leveraged 77:1; I believe that is up from 22:1 in 2008. Also note that … Continue reading

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Replace NJ Income Tax with state version of the Fair Tax

Following letter by Ted was published in The Daily Record June2 —    I further expand on former state senator Ray Bateman’s argument that it is poor economic policy to tax the rich to the point where they leave the … Continue reading

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Answer Karl Marx Capitalism Prediction with the Fair Tax

Karl Marx predicted that capitalism contains the seeds of its own destruction.  That is correct if a capitalist government embarks on an extensive and ultra progressive tax system to finance excessive entitlements.  Marx succinctly stated this strategy would eventually lead … Continue reading

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