1RuleNoRules

How to Fix the Fed - A Lesson from AIG

Yes the "winners curse", low interest rates in the early 2000's aided an anemic economy and pushed the housing bubble out 5 or 6 years and would have been further if not for rising oil prices that started to topple the house of cards. Alan Greenspan often warned about Fannie and Freddie flooding housing market with money and even mentioned the word bubble without causing panic by adding what a great job the banks were doing. I heard it. I remember it. Am I still the only one?

Outlandish CEO Pay: How to Fix the Problem

The consensus here seems to be government needs to fix it.
When we change he question, less government is the answer.

What is wrong with our economy and the labor market for CEO's that even bad CEO's get ridiculous amounts of compensation? Big government has decimated the "farm system" of small and intermediate businesses that should have been creating the super stars of enterprise.Unemployment and stagnation are only the last symptoms of an economy under stress. The first signs(that we ignored) were stagnant wages, disposable everything from cars to toasters. Before layoffs came insidious cost cutting and stagnant wages because of endless erosion of opportunity that began in the late 60's.

www.cato.org/pub_displ...

www.house.gov/jec/grow...