tag:blogger.com,1999:blog-11027528911364475.post729939555221702056..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Economics of SteroidsJakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-51607117752628205362009-08-08T22:50:51.219-07:002009-08-08T22:50:51.219-07:00As mab accurately points out, when the system offe...As mab accurately points out, when the system offers no penalties for failure to follow its rules, all incentive to conform is lost. The only incentive remaining is to maximize your own return, whether that be salary, bonus or ill-gotten gain.<br /><br />Until baseball, the SEC or the Feds institute, and actually apply, a system of penalties that fit the crime, everything else is just talk.SportsBizhttps://www.blogger.com/profile/07776487964110090116noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-87628854568179220032009-08-03T10:56:37.640-07:002009-08-03T10:56:37.640-07:00Jake,
As long as BANKERS have the incentive to in...Jake,<br /><br /><i>As long as <b>BANKERS</b> have the incentive to increase their earning potential by 30x........ <b>BANKERS</b> WILL continue to cheat the system regardless of the risk</i><br /><br />I couldn't resist borrowing most of your sentence! <br /><br />Same problem. Same motive. Same reason for NOT ending the immoral eCONomic privilege.mabnoreply@blogger.com