Alice Walton's Defenders
futureofcapitalism.com

Supporters of art-museum founder Alice Walton, of the Walmart family, are rallying round following my December 20 defense of her from an attack by Jeffrey Goldberg of Bloomberg View. Among those speaking out are a former editor of the Sunday business section of the New York Times, Judith H. Dobrzynski; and also Michael Kinsley, who writes, "That's capitalism, and if we don't like the results, we can use the tools of government, primarily the tax code, to improve them."

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Kinsley on Krugman
futureofcapitalism.com

Michael Kinsley has a deft takedown of New York Times columnist Paul Krugman:

Another reason I remain worried about inflation is that for two years I have been waiting for Paul Krugman, the Nobel Prize- winning New York Times columnist, to tell us when we should reverse course. ...When the economy is robust again, it will be time to start paying down the debt.

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Kinsley's We
futureofcapitalism.com

Michael Kinsley writes at Bloomberg View about Jamie Dimon's compensation:

Let's even imagine that all the paper shuffling and exotic transactions that go on in American finance are productive somehow. Does it follow that we need to pay Jamie Dimon, chief executive officer of JPMorgan Chase & Co., $23 million to do whatever it is that he does?

Maybe Dimon is uniquely talented and simply would not do it for less. But maybe he would settle for $10 million if pushed to the wall. Or perhaps someone just as good, or almost as good, would do the job for a lower price? This doesn't mean that Dimon should be fired and replaced. But it does mean that he doesn't need to be paid more, or even as much.

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Kinsley's We
futureofcapitalism.com

Michael Kinsley writes at Bloomberg View about Jamie Dimon's compensation:

Let's even imagine that all the paper shuffling and exotic transactions that go on in American finance are productive somehow. Does it follow that we need to pay Jamie Dimon, chief executive officer of JPMorgan Chase & Co., $23 million to do whatever it is that he does?

Maybe Dimon is uniquely talented and simply would not do it for less. But maybe he would settle for $10 million if pushed to the wall. Or perhaps someone just as good, or almost as good, would do the job for a lower price? This doesn't mean that Dimon should be fired and replaced. But it does mean that he doesn't need to be paid more, or even as much.

Read More...

Kinsley on Krugman
futureofcapitalism.com

Michael Kinsley has a deft takedown of New York Times columnist Paul Krugman:

Another reason I remain worried about inflation is that for two years I have been waiting for Paul Krugman, the Nobel Prize- winning New York Times columnist, to tell us when we should reverse course. ...When the economy is robust again, it will be time to start paying down the debt.

Read More...

Alice Walton's Defenders
futureofcapitalism.com

Supporters of art-museum founder Alice Walton, of the Walmart family, are rallying round following my December 20 defense of her from an attack by Jeffrey Goldberg of Bloomberg View. Among those speaking out are a former editor of the Sunday business section of the New York Times, Judith H. Dobrzynski; and also Michael Kinsley, who writes, "That's capitalism, and if we don't like the results, we can use the tools of government, primarily the tax code, to improve them."

Read More...