Civilization, in every generation, must be defended from barbarians.
The barbarians outside the gate, the barbarians inside the gate, and the barbarian in the mirror...
Monday, June 08, 2009
Perverse Incentives
Charles Hugh Smith on how "Three perverse incentives created windfalls of low-risk speculative fraud which have gutted the U.S. economy and led to massive distortions in investment and risk."
No comments:
Post a Comment