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Obama’s Wall Street Pay Cap Could Have Side Effects
“By limiting annual pay to $500,000 and dishing out additional pay in restricted stock that can’t be cashed in until the government bailout money is paid back, a host of unintended consequences may result, ranging from a brain drain of top talent to a potentially less-generous approach to paying employees at other financial firms.” (USA Today, Thursday)
We know what price ceilings do.
FEE Timely Classic
“Price Controls and Shortages” by George Reisman
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