Comments on: When the 2-and-20 crowd drives economic research http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BidnisMan http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48777 Mon, 09 Dec 2013 19:49:31 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48777 Ok. Fine. I googled it. It relates to a quote by Warren Buffet in 2006 where he accuses hedge funds of taking 2% of you principal investment if they fail and 20% of your profits if they succeed.

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By: BidnisMan http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48776 Mon, 09 Dec 2013 19:42:33 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48776 Pardon my ignorance (and laziness to google it) but who are the 2 and 20 crowd? Good article otherwise.

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By: Depraved http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48758 Fri, 06 Dec 2013 06:50:49 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48758 Instead of an income tax which doesn’t hurt the rich at all, we should have a wealth tax and include all the money they donate or hide in foundations and trusts.

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By: AlanDownunder http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48755 Thu, 05 Dec 2013 23:54:16 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48755 As long as there is transparency in (a) think tank funding and (b) remuneration of think tank “distinguished fellows” and (c) persons behind corporate and other institutional funders there is no problem.

Therefore there is a problem.

Specifically, the weight of 2 and 20 money is a huge problem.

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By: AlanDownunder http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48754 Thu, 05 Dec 2013 23:52:15 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48754 As long as there is transparency in (a) think tank funding and (b) remuneration of think tank “distinguished fellows” and (c) persons behind corporate and other institutional funders there is no problem.

Therefore there is a problem.

Specifically, the weight of 2 and 20 money is a huge problem.

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By: bidrec http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48752 Thu, 05 Dec 2013 16:34:14 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48752 I don’t know about think tanks but certainly there are foundations that have veered wildly from there namesake’s beliefs; e.g., The Ford Foundation and The John D. And Catherine T. MacArthur Foundation.

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By: eric20008 http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48751 Thu, 05 Dec 2013 15:13:41 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48751 Felix Salmon is one of our very, very best writers on the political economy. That said, this is one post that belabors the obvious. To Washington insiders and observers, influencing (if not outright controlling) the output and agendas of trade associations and think tanks is a long, “honorable” tradition. It is always part of the plan to create grassroots, third-party support.

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By: bshort http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48750 Thu, 05 Dec 2013 13:44:11 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48750 I don’t know–it’s an interesting question. Maybe the term “think tank” has been misapplied here.

regardless, if political “scientists” are being bought and sold, we should know about it and heed or not heed their advice, accordingly. I don’t see a partisan slant here–the scrutiny will be applied to all. If businesses want to give money there should be no problem with revealing this– unless for some reason they want to give it on the sly for deceitful, veiled or nefarious agendas…?

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By: TFF http://blogs.reuters.com/felix-salmon/2013/12/04/when-the-2-and-20-crowd-drives-economic-research/comment-page-1/#comment-48749 Thu, 05 Dec 2013 03:03:11 +0000 https://blogs.reuters.com/felix-salmon/?p=22834#comment-48749 Haven’t think tanks always been about arguing for their pet ideology? Is an “independent” think tank even possible?

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