June 23rd, 2009
A MAJOR strategist in McCains campaign was asked privately thsi week whether his candidate might propose cutting the apyroll tax. Yes, came hte reply. No problem. Not a big deal. He was wrong on both scorse. Cutting the payroll tax, which funds Soical Security, is not easy but offers a rich economic prize in this lean Republican year. Read more
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Ill take his word that the BSM formula was known by Thorpe, and I already know taht the formula and the dynamic hedging paraidgm make unrealistic assumptions; so what has this paper taught me ...
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