Tag Archives: perverse incentives

Why Are so Few Americans Able to Get Ahead?

Despite the rah-rah about the “ownership society” and the best economy ever, the sobering reality is very few Americans are able to get ahead, i.e. build real financial security via meaningful, secure assets which can be passed on to their children. … Continue reading

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We’re All Speculators Now

One of the most perverse consequences of the central banks “saving the world” (i.e. saving banks and the super-wealthy) is the destruction of low-risk investments: we’re all speculators now, whether we know it or acknowledge it. The problem is very few … Continue reading

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Here’s How Systems (and Nations) Fail

Would any sane person choose America’s broken healthcare system over a cheaper, more effective alternative? Let’s see: the current system costs twice as much per person as the healthcare systems of our developed-world competitors, a medication to treat infantile spasms costs … Continue reading

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Pity the Poor Central Bankers: Playing Masters of the Universe Is No Longer Fun

Ah, the good old days, when a simple, completely empty promise to do whatever it takes could move the world. It was fun being a central banker back in the good old days–back then playing Master of the Universe was … Continue reading

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Either Reverse All the Perverse Incentives or the System Will Implode

I hope it’s not a great shock to discover all the incentives in our status quo are perverse: those who rig the financial system while creating zero real value, jobs, goods or services reap all the big profits; those who … Continue reading

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