Gary P. Brinson, CFA, discusses the impact that the Federal Reserve’s prolonged low-rate environment is having on plan sponsors. He argues that we are observing Hayek's fatal conceit in which a handful of people in the government imagine they can redesign markets and do better than markets themselves can.
This episode of the Take 15 Series was originally released on 15 June 2012.
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1 Comment
Hey Ron would you like to comment on China's labour? Will China face a labour shortage due to its one child policy? Will it cause a problem to China's pension system?