How can America prevent future financial crises like the current one in the housing market, the dot com bust and the big crash in 1987?
The solution is simple, requires no government regulation and is virtually foolproof: Make company leaders personally financially liable to shareholders for the performance of their companies.
Corporate bureacrats will scream bloody murder at this suggestion, but true entrepreneurs and business leaders will appreciate the straightforward incentive to carefully manage risk.‚ … read more “How to Prevent Future Financial Crises”