Many people perhaps dream of an executive position in a wealthy, well-to-do business. To manage and direct people! to be the boss. But few people are. The reason should be obvious: it takes a certain kind of skill and talent to successfully direct the fortunes of a business that captures a certain sector...
The Fed is being urged to be more aggressive in controlling future asset bubbles. Fed governor, Frederic Mishkin, gave a speech May 15th suggesting the Fed should use its regulatory powers "aggressively and pro-actively to limit the threat from future asset price bubbles." The Fed could eliminate...