“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso
“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan
“When a tax is imposed, everyone potentially in its crosshairs, from buyers to sellers to workers and other suppliers of inputs to firms, wishes to avoid the burdens. They thus have incentives to dodge them by changing their choices.” ~Gary Galles
“The mass State has no intention of promoting mutual understanding and the relationship of man to man; it strives, rather, for atomization, for the psychic isolation of the individual. The more unrelated individuals are, the more consolidated the State becomes.” ~Barry Brownstein
“The extent to which the Federal Reserve will take measures to hold back TCH-RTP’s growth was not yet clear (and maybe it still isn’t). Institutions may be hedging their bets or testing both systems.” ~Nicolás Cachanosky
“The US government will never, ever, voluntarily cut spending. For our self-preservation, American citizens will need to find a means of arresting the Beltway’s profligate instinct.” ~Peter C. Earle
“We live in an era dominated by the doctrine of prior restraint, the notion that all actions (individual or corporate) should be forestalled until approved by an appropriate authority. It is an ugly inversion of a bedrock principle of a free society.’ ~Paul Schwennesen
“By what right do largely unelected global elite ESG advocates get to impose their priorities and values (to their own benefit) on everyone else in the world?” ~Paul Mueller
“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux
ESG has been perniciously changing the way corporations, governments, NGOs and institutions operate. This discussion on the Liberty Curious podcast highlights the utopian ideals and ideological shifts that have shaped the ESG movement.
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