Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.

Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common. | Pia Rennert and Gunther Schnablhttps://t.co/IJvfB6IuSj

— Mises Institute (@mises) April 27, 2019