There is so much to deal with and so little time and space, so here are some odds and ends: Executive Pay Limitation The new policy of capping executive pay at $500K annually is typical government populist feel good nonsense. It suffers from a number of flaws–it reflects complete ignorance of the financial services incentive system; […]
Archives for February 2009
Looming Disaster II
Last month I wrote of the disaster looming in the form of 1970’s style “stagflation” as a result of a continuation of the misguided Federal Reserve monetary policy of the past five years that has disregarded its first priority–the protection and stability of the value of the dollar. Now for the second leg of the looming disaster, […]