An issue related to the lack of oversight of companies have due to the mass amount of mutual fund ownership. The mutual funds don’t normally even vote the proxy and don’t voice any concerns about management. It’s quite a benefit to management to have absentee owners like this. And some wonder how CEO pay could have gotten so out of hand? 😉
State schools run at a loss
Education is increasing because of demand. When I grew up, not everyone was expected to go to college, now it’s a given. State schools run at a loss made up by tax payers. They simply don’t charge enough tuition to cover their costs. But when tax revenues are short, they have to make decisions on where to make changes. Remember colleges are funded by states, not the feds. Although there is some federal money for education, it’s not anywhere close to being a factor when compared to military spending. And none of this really leads to inflation.
Greenspan considered EVERYTHING when making decisions
I am far less familiar with Bernanke, but I can tell you that Greenspan considered EVERYTHING when making decisions. His modus operandi was to take a bath each morning and read volumes of detailed reports on everything including material that seems so obscure you had to wonder what he was thinking. I assure you, the fed, regardless of Bernankes bathing habits, isn’t relying on only a few factors.