<blockquote>'..the economy is smack in the midst of Schumpeterian Depression with no end in sight. Please see
Creative Destruction for more about the theory behind Schumpeterian Depressions.
...
Oregon000 writes: According to the Oregonian, their new AD is earning a pretty penny. We would be surprised to learn how much money all the university fat cats are earning. "Mullens, introduced July 15 to replace former football coach-turned-athletic director Mike Bellotti, will earn a base salary of $450,000 and deferred compensation of $50,000. Athletic and academic incentives could add up to $150,000 annually." Let's look at the rate at which the salaries for administrators, coaches, professors has increased vs. inflation. The poor students are funding a lavish lifestyle for many of them.'
- Mish,
University of Oregon President Begs Legislators for $800 Million and Says "We are Not Asking for More Money", October 02, 2010