Quote of the morning


Paul Krugman:

“I think what really rich people want to buy often is they want the world to praise them for their wealth, so they want economic theories that praise rich people as the salvation of the rest of us.

In my experience, there is a huge dollop of narcissism that comes with great wealth.

Don’t you think the big chieftains on Wall Street think that our world would fall apart if not for their big banks even though in reality as recently as 30 years ago the world was better with many more small banks?

Don’t you think Zuckie thinks that people need Facebook when the reality is that it distorts human interaction and makes us more dysfunctional?

You get the gist of it.

Being rich is way past just about loot.

 

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