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Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take. ↗
American conservatism depends on its continued dominance and even for its very existence on people never making connections about the world, connections that until recent were treated as obvious or self-evident everywhere on the planet. ↗
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly. ↗
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