The 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 KrugmanAs I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.
Paul KrugmanUnsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.
Paul Krugman