Have pity on Ben Bernanke
He's just not getting paid, people. His salary is $191,000. By way of contrast, J. C. Trichet, head of the European Central Bank makes almost $500,000. The head of the Swiss Central Bank makes over $700,000 for pete's sake.
But the most amazing case is that of Hong Kong. The head of their "Central Bank" is Joseph Yam and he makes $1.3 million, about 7 times as much as Helicopter Ben.
People, Hong Kong IS PEGGED TO THE U.S. DOLLAR!!!
Bernanke is literally doing Yam's job while Yam rakes in a cool million plus per annum. I bet he doesn't even give Ben a taste.
Talk about outsourcing!
I got these figures here. Hat tip to Mark Perry.
Labels: financial puzzles