FDR's budget balancing was not only based on traditional fiscal economics, but also on politics. In this paper we explain how our active approach to quantitatively derived insights sets apart our "active quant" investment process.Economic organization in which private owners of capital goods hire and direct labour to produce goods and services for sale on markets to make a profit. The Dodd-Frank Act is a massive piece of financial reform legislation that was passed in 2010, during the Obama administration. The fourth industrial revolution is likely to create more halftrilliondollar companies, and the United States is the place where it is likely to happen. Lagged capital stock—perhaps last year's level. In the matter of complete mutual employment of capital and labor we are among the least efficient. Our difficulties of employing labor and capital are not new.