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For Friedman, lack of knowledge justified a k% monetary policy rule (Friedman (1960)).
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In the U.S. and the U.K., individual executive salaries are public knowledge, thanks to strict disclosure laws.
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To my knowledge, Fidelity never disclosed to 401(k) plan sponsors or participants that it had decided from 2004 to 2008, in order to bolster its own bottom line, to refuse to accept the fee discounts, rebates or revenue-sharing fund managers had agreed to pay and had been paying.
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Somewhere between teasing us with her solid investment knowledge and playing with her iPad, one of the guys, K., started to get annoyed.
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For individuals, the healthcare knowledge gap needs to be closed through systematic, expanded access to healthcare education for K-12 children and adults alike, perhaps through online and other channels.
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