For much of human history, government was bequeathed to the sons (usually) or daughters of those currently in power. Either they were kings with a direct lineage, or a relatively small aristocracy where while the actual distribution of responsibilities was subject to change, those in power were usually selected for being in power by the […]
~ read more ~N.N. Taleb, author of has a fantastic proposal for avoiding the next financial crisis. Fantastic due to its simplicity: End Bonuses for Bankers is his idea, and since it was posted in nothing less than the New York Times, it will certainly receive some public discussion. Of course, the comments are already all over the […]
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