Paul Krugman on “Egos and Immorality”

Sure, sure, Paul Krugman is invariably good, but there are some occasions when his columns seem to take it to another level, or perhaps it’s that talent he shares with Atrios — the ability to say with clarity and concision what the bulk of the traditional media ignore, and that they frequently drown out with their willingness to perpetuate false narratives.

On Thursday, Krugman took care to remind all of us just who we’re dealing with on Wall Street…

Remember when Stephen Schwarzman of the Blackstone Group compared a proposal to limit his tax breaks to Hitler’s invasion of Poland? Remember when Jamie Dimon of JPMorgan Chase characterized any discussion of income inequality as an attack on the very notion of success? But here’s the thing: If Wall Streeters are spoiled brats, they are spoiled brats with immense power and wealth at their disposal.

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