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Alternative Market Briefing

Hedge fund manager Mark Spitznagel to be Senior Economic Advisor to Rand Paul campaign

Monday, June 22, 2015

Bailey McCann, Opalesque New York:

Mark Spitznagel, Founder and CIO of tail risk hedge fund Universa Investments, is joining the Rand Paul campaign as Senior Economic Advisor. Spitznagel is also the author of The Dao of Capital, which explains his investing philosophy integrating Austrian Economics and the implications of monetary policy. He also operates Idyll Farms, a sustainable, pasture-based goat farm in northern Michigan.

"Rand Paul is the only candidate that really understands the destructive ramifications of current economic policy driven in large part by a reckless Federal Reserve. I look forward to working with him on his ideas and message to change that policy," Spitznagel said in a statement.

Paul recently released the tax plan he will push if elected President. Crafted with the advice of other conservative titans like Art Laffer, Paul is proposing a 14.5% flat tax.

"Some of my fellow Republican candidates for the presidency have proposed plans to fix the tax system. These proposals are a step in the right direction, but the tax code has grown so corrupt, complicated, intrusive and antigrowth that I’ve concluded the system isn’t fixable," Paul wrote in an op-ed earlier this week in the Wall Street Journal.

"I am announcing an over $2 trillion tax cut that would repeal the entire IRS tax code—more than 70,000 pages—and replace it with a low, b......................

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