Special Privilege: How the Monetary Elite Benefit...at Your Expense
Vincent R. LoCascio
Author
June 14, 2003
Special Privilege alleges that government grants special privileges to the financial
sector of the economy that violate the fundamental principles of free
enterprise that most of us cherish. In addition to the injustice of
these special privileges, they pervert the free market, thereby
guaranteeing a mammoth future crash. In other words, like a needle in
the arm to a drug addict, special privileges not only guarantee a future
collapse but also push it off further into the future. The solution can
take one of several forms, all of which boil down to: remove the special
privileges.
Vince received a B.A. in Economics, magna cum laude from Hunter College in 1966 and an M.B.A. in Corporate Finance, with distinction, in 1968 from NYU. From the late 60s to mid 80s, he was a litigation consultant with Peat, Marwick and, later, Ernst & Whinney. In this capacity, he conducted studies on disputed economic and financial issues in litigation and testified on his findings.
In 1985, Vince became a member of the American Stock Exchange where he traded for his own account using a mathematically sophisticated model he had developed for that purpose. In 1994, Vince hoped to fulfill a lifelong goal to teach by educating people about prudent financial planning. As it turned out, financial planning was more about selling than educating. Vince continues to write about, and give seminars on, self-sufficient financial planning, but he no longer takes clients. To fulfill his thirst for teaching, Vince currently teaches and tutors for Kaplan Test Prep. He also participates in curriculum development and trains new teachers for the organization. In 2000, he was named "Teacher of the Year" for the Connecticut-New York-New Jersey tri-state region.
Vince views Special Privilege as another opportunity to teach about a subject he knows much about and over which there is such confusion. Vince is 60 years old, married, and has two grown children. He lives with his wife, Bette Jayne, in Old Bridge, NJ.
Contact Information
Foundation for the Advancement of Monetary Education, Ltd.
Box 625, FDR Station
New York, NY 10150-0625
212-818-1206 Phone
212-818-1197 Fax
