I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.
Paul KrugmanBut Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.
Paul KrugmanI believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.
Paul KrugmanThe key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.
Paul Krugman