First, there’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks.That certainly sounds like someone who is pissed. It's somewhat justifiable, since most of the things that promise to give our economy long-term growth, like health care reform and investing in clean and renewable energy, have ground to a halt while the president "deals" with the financial crisis. Since the crisis is so complicated, it's hard to make it a rallying cry. But Krugman sure is trying.
Tuesday, April 28, 2009
The Refined Thoughts of Nobel-Prize Laureate Paul Krugman
Paul Krugman is pissed. That seems pretty clear. While business media outlets are noting growth and cautious optimism at slowly rising stocks, Krugman is furious that Wall Street is back to usual: