incentives
In the political bloggysphere, there's been some discussion about former Congressman and Two Million Dollar Man Billy Tauzin losing his job as the top lobbyist for Big Pharma. I follow this stuff a lot more than most--my observation that much of what our great congressional solons do is geared towards their retirements, to me, seems so obvious that I'm surprised it received some minor circulation. But Tauzin's degeneracy is stunning (italics mine):
So in 2003 Mr. Tauzin, then chairman of the powerful energy and commerce committee, made a deal. Though still on a modest Congressional salary,…