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Sunday, June 07, 2009 – with Scott Smith

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Posted by Floyd Bernier on 6/7/2009 9:13:40 AM

An excellent interview. On the subject of regulations,however I have to disagee,at least where the stock market is concerned.In my opinion whenever a company decides to go public there should be rules(regulations) to protect the invester. It shouldn't be necessary for the government to own a percentage of a company to restrict how much compensation they can give their cronies at the expense of the invester,especially in a year the company loses money. I, for one, will never again invest in any meaningful way until some regulations are inacted concerning that. Also, on the subject of taxing the rich. Who amongst us,other than those already wealthy, wouldn't love to be in a position to pay more taxes if we were making a million dollars a year. I'm not talking about Corporations that create jobs,just individuals. Let's face it, there have been many millionairs and yes billionairs made in our robust economy over the last 3 decades and many because of who they knew not what they knew.There are also some that never did what I believe, a good days work work in their lives.I know a couple of those. Of course, working in the logging industry in the Northest probably makes me a little rigid on what a days work constitutes.

Reply from the Daily Bell:

Thanks for the kind words. But here's our question: If the government regulates Wall Street's salaries, what is there to stop them from regulating yours?

Posted by Guillermo Barba Lluch on 6/8/2009 6:00:43 PM

Excellent interview. You can compare it with another interview and feel very concerned that interventionism, to correct for 'market failures', will unfortunately continue. Fasten your seat belts!
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Reply from the Daily Bell:

Thanks.

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