Rick Kelo – The Importance of Being an Informed Citizen

The economy is something that affects every American citizen, and yet the average person has no idea how the economy actually works. This is one reason why Richard Arthur Kelo of TaxScout Inc. has made it his mission to help the American public understand how the economy works, in addition to realizing the reasons behind why it is important to understand this influential system in the first place. To Kelo, an informed and educated public is the greatest weapon against the system, which is inherently designed to take advantage of those who fail to stay ahead of the game. 

The need to understand the economy was probably stated best by George Stigler, a Nobel Laureate in economics, several decades ago when he wrote: “The public has chosen to speak and vote on economic problems, so the only open question is how intelligently it speaks and votes.” For Stigler, economic literacy was important because it acted as a means of communication amongst people, using basic vocabulary and logic that is so frequently encountered that it should be possessed by everyone. It is also a “type of knowledge frequently needed, and yet not susceptible to economical purchase from experts.” In other words, economics is integral enough in everyone’s life that economic experts shouldn’t be the only ones who understand how it works. 

As an outspoken blogger questioning the modern age, Rick Kelo uses the internet as a platform where he can communicate with the public about issues that are important to him, such as the economy. In one of his many online presentations, Kelo outlines the economy as the main driving force of our society, despite the fact that words such as growth and decline, elasticity, competition, consumer, inflation, and interest are more or less gibberish to the average person. Kelo, who has a BS in economics and leadership from the United States Military Academy at West Point, as well as an MBA in finance from the University of Illinois at Chicago, has spent much of his career learning how to resolve this issue. 

By starting his company TaxScout, a specialty-recruiting firm that exclusively works in the field of corporate taxation, Kelo has demonstrated his commitment to developing economic services that can be trusted. TaxScout serves as the eyes and ears in the job market, as well as your company’s first face to the tax profession when it’s time to hire. Between his blog and his business, Rick Kelo is redefining the way that the average person understands the economy.